Suppose That the Bank of Apples Has Excess Reserves of $450,000

question 90

Multiple Choice

Suppose that the Bank of Apples has excess reserves of $450,000 and checkable deposits of $30,000,000.If the bank has a reserve requirement of 30 percent,what is its total amount of reserves?

• A) $8,550,000
• B) $9,000,000
• C) $9,450,000
• D) $30,135,000
• E) $30,450,000

---

Definitions:

Counseling Theory

A framework or model that guides counselors in understanding clients' problems, making assessments, and developing interventions.

Beck

Aaron Beck is a psychiatrist known for developing Cognitive Therapy, which later became known as Cognitive Behavioral Therapy (CBT), a primary form of psychological treatment.

Rogers

Refers to Carl Rogers, an influential American psychologist who founded the person-centered approach to therapy, emphasizing empathy, and unconditional positive regard.

Working Alliance

A therapeutic concept that refers to the collaboration between a therapist and client on agreed-upon goals and tasks, as well as the bond between them.