"Excess Reserves" for a Commercial Bank Refer to

question 30

Multiple Choice

"Excess reserves" for a commercial bank refer to

• A)any surplus of chequable deposits.
• B)any reserves (cash or deposits with the Bank of Canada)that the bank holds over and above its desired reserves.
• C)reserves (cash or deposits with the Bank of Canada)that the Bank of Canada requires the bank to hold.
• D)any surplus in the bank's supply of gold.
• E)excess demand for money from that bank.

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Definitions:

Subconscious

Part of the mind that operates below the level of conscious awareness, influencing thoughts, feelings, and actions.

Auditory Image

A mental representation of a sound when the sound is not physically present.

Proposition

A statement or assertion that expresses a judgment or opinion, which can be either true or false.

Cognitive Schema

Mental structures that an individual uses to organize knowledge and guide cognitive processes and behavior.