The Following Is a Consolidated Balance Sheet for the Chartered

question 62

Multiple Choice

The following is a consolidated balance sheet for the chartered banking system.All figures are in billions.Assume that the desired reserve ratio is 20 percent. Refer to the above information.The amount of excess reserves is:

• A)$20 billion.
• B)$60 billion.
• C)$120 billion.
• D)$600 billion.

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Definitions:

Oxidation

The result of oxygen reacting with a substance such as a metal or oil. Rust is the result of oxidizing iron.

Chassis Electrical System

The network of electrical components and wiring that provides power and function to a vehicle's operational systems.

Power Distribution Module

A component in a vehicle or system that manages the distribution and regulation of electrical power to various parts.

Batteries

Electrochemical cells that store energy and release it in the form of electricity, used as a power source in many electronic devices and vehicles.