-The Above Table Has the Balance of the University National

question 246

Multiple Choice

-The above table has the balance of the University National Bank. All figures are in millions of dollars. The desired reserve ratio is 20 percent. What is the value of excess reserves held by the University National Bank?

• A) $760 million
• B) $320 million
• C) $120 million
• D) $232 million

---

Definitions:

Protective Legislation

Laws designed to ensure the safety and rights of individuals, particularly workers, by setting standards for work conditions, hours, and benefits.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the right to sue their employer.

Unemployment Insurance

Unemployment insurance is a government program that provides temporary financial assistance to eligible workers who have lost their jobs through no fault of their own, helping to mitigate the effects of unemployment.

Employee Participation Program

Initiatives designed to engage employees in decision-making processes within their workplace, aiming to improve morale, productivity, and job satisfaction.