If Excess Reserves Are $10,000,demand Deposits Are $100,000,and the Required

question 68

Multiple Choice

If excess reserves are $10,000,demand deposits are $100,000,and the required reserve ratio is 10 percent,then total reserves are

• A)$0.
• B)$20,000.
• C)$10,000.
• D)$110,000.

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Definitions:

Occupations

The various types of jobs or professions individuals engage in to earn income.

Percentage Increases

The calculation of the rise in a quantity or value expressed as a percentage of its previous value.

Engineering Professions

Fields of work that apply scientific principles, mathematics, and ingenuity to develop technological solutions and buildings, ranging from civil to electrical engineering.

Product Demand

The total amount of a product or service that consumers are willing and able to purchase at a given price level.