Table 9-5 Bolton Bank: Partial Balance Sheet

question 218

Multiple Choice

Table 9-5
Bolton Bank: Partial Balance Sheet
(All figures in $ million)

-Refer to Table 9-5. The required reserve ratio is 10%. What is the amount of Bolton Bank's excess reserves?

• A) $30 million
• B) $70 million
• C) $100 million
• D) zero

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Definitions:

Coccyx

A small, triangular bone at the base of the spinal column in humans, composed of fused vestigial vertebrae.

Radius

One of the two large bones in the forearm, located on the side of the thumb.

Carpals

Bones forming the wrist that connect the hand to the forearm.

Phalanges

The bones of the fingers and toes.