A Bank Has $100,000 in Checkable Deposits and $30,000 in Reserves

question 3

Multiple Choice

A bank has $100,000 in checkable deposits and $30,000 in reserves. If the required reserve ratio is 10%, what is the amount of excess reserves?

• A) $0
• B) $10,000
• C) $20,000
• D) $30,000

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Definitions:

Skeptical Audience

A group of people who question or doubt the validity of the information or arguments presented to them.

Persuasive Presentation

A type of presentation aimed at convincing the audience of a particular viewpoint or action through argumentation and evidence.

Long-held Opinions

Beliefs or judgments that an individual has maintained over a significant period.

Induction

The process of formally introducing a new employee to their role, the company culture, and their colleagues.