Suppose That from a New Checkable Deposit,First National Bank Holds

question 82

Multiple Choice

Suppose that from a new checkable deposit,First National Bank holds two million dollars in vault cash,eight million dollars on deposit with the Federal Reserve,and one million dollars in required reserves. Given this information,we can say First National Bank has ________ million dollars in excess reserves.

• A)three
• B)nine
• C)ten
• D)eleven

---

Definitions:

Intangibles

Non-physical assets that cannot be seen, touched, or physically measured, such as patents, trademarks, and goodwill.

Middle Class

A socio-economic group between the working class and upper class, characterized by moderate income levels and stable employment.

Situation Analysis

An assessment process that examines an organization's internal and external environment to understand current conditions and identify future opportunities and threats.

Data

Factual information used as a basis for reasoning, discussion, or calculation; often numeric, it can be analyzed to inform decisions.