If a Bank Has $10 Million of Checkable Deposits,a Required

question 88

Multiple Choice

If a bank has $10 million of checkable deposits,a required reserve ratio of 10 percent,and it holds $2 million in reserves,then it will not have enough reserves to support a deposit outflow of

• A)$1.2 million.
• B)$1.1 million.
• C)$1 million.
• D)$900,000.

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Definitions:

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A set of principles granting greater liberty to one group than to another, often based on gender, ethnicity, or social class.

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The principal male sex hormone.

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A group of sex hormones that play a critical role in the regulation of female reproductive functions and the development of secondary sexual characteristics.