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

question 47

Multiple Choice

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

• A)two
• B)eight
• C)nine
• D)ten

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Definitions:

Affirmative Action

An organization's active effort to find opportunities to hire or promote people in a particular group.

Role Analysis Technique

A method used to define the responsibilities, duties, and expectations associated with a job position.

Role Carve-out

A job design strategy that involves creating specialized or focused roles within a team or organization to optimize performance and efficiency.

Job Satisfaction

The level of contentment employees feel about their job roles, which can influence their performance, productivity, and overall well-being at work.