The Table Below Shows the Data in Millions) for Wells

question 383

Multiple Choice

The table below shows the data in millions) for Wells Fargo Bank in September 2007 and September 2008. Suppose that the required reserve ratio is 3 percent.
$$\begin{array} { | c | c | c | } \hline & 2007 & 2008 \\\hline \text { Loans } & 79 & 100 \\\hline \text { Reserves } & 11 & 11 \\\hline \text { Deposits } & 247 & 266 \\\hline\end{array}$$
The data show that Wells Fargo

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

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Definitions:

Prospective Buyers

Potential customers who have shown interest in a product or service but have not yet made a purchase.

Customized Interactions

Personalized exchanges between a business and its customers, tailored to meet the individual needs or preferences of the customer.

Repeat Purchases

The act of buying a product or service more than once, indicating customer satisfaction and loyalty.

Media Cooperation

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