Is the Bank in Compliance with the Requirements

question 123

Multiple Choice

Is the bank in compliance with the requirements?

• A)No, it does not meet the minimum reserve requirements.
• B)Yes, it meets the minimum reserve requirements.
• C)Yes, it meets the minimum requirement only after using the 2 percent carryover allowance.
• D)Yes, it meets the minimum requirement only after using the 4 percent carryover allowance.
• E)No, it does not meet the minimum reserve requirements even after using the 4 percent carryover allowance. [Refer to: 18-120]

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