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

question 42

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.

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Definitions:

Financial Forecasts

Estimates or predictions about future financial performance, including revenue, expenses, cash flow, and economic conditions impacting a business.

Planning And Preparing Tax

The process of strategizing and compiling all necessary documents and information for accurate tax filing and compliance.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations to finance their immediate operational needs.

Maturity

The stage in a product’s lifecycle or a company’s growth where growth slows down, and it reaches a steady state of maximum output or sales.