The Table Below Shows the Data (In Millions) for Wells

question 561

Multiple Choice

The table below shows the data (in millions) for Wells Fargo Bank in September 2007 and Septembe Suppose that the required reserve ratio is 3 percent. The data show that Wells Fargo

• A) had fewer excess reserves in 2007.
• B) the reserve ratio did not change.
• C) the reserve ratio increased as loans increased.
• D) had fewer excess reserves in 2008.

---

Definitions:

Spendable

Refers to the amount of money that is available for use, not tied up in investments or savings.

Nonspendable

Refers to a fund balance category in governmental accounting, indicating funds that cannot be spent because they are not in spendable form or are legally or contractually required to be maintained intact.

Restricted

Pertains to assets or securities that are not fully transferable until certain conditions, often regulatory, are met.

Assigned

The allocation or designation of resources, responsibilities, or tasks to a specific account, project, or individual.