If Excess Reserves Are $30,000,demand Deposits Are $100,000,and the Required

question 89

Multiple Choice

If excess reserves are $30,000,demand deposits are $100,000,and the required reserve ratio is 15 percent,then total reserves are

• A)$45,000.
• B)$15,000.
• C)$30,000.
• D)$130,000.

---

Definitions:

Total Hours

Refers to the aggregate amount of time spent or required for a particular activity or work over a specified period.

Workweek

The standard period of time during which work is typically performed, often defined as 40 hours across five days in many countries.

Equity Mutual Fund

A type of mutual fund that primarily invests in stocks, aiming to provide returns through dividends and capital gains.

Rate of Return

A measure of the gain or loss on an investment over a specified time period, expressed as a percentage of the investment's cost.