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

question 123

Multiple Choice

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

• A)one
• B)two
• C)eight
• D)ten

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Definitions:

≠ Symbol

Represents "not equal to" in mathematical expressions.

Alternative Hypothesis

The hypothesis that states there is a statistically significant relationship between variables, contrasting the null hypothesis.

Directional

Pertains to specifying the direction of an effect or relationship in hypotheses or experimental research.

Non-directional

Hypotheses that predict a relationship between variables without specifying the direction of the relationship.