Which of the Following Statements Is Not Correct

question 64

Multiple Choice

Which of the following statements is not correct?

• A)The actual cash reserves of a chartered bank equal its excess plus its desired reserves.
• B)A bank's assets plus its net worth equal its liabilities.
• C)When borrowers repay bank loans, the supply of money is reduced.
• D)A single chartered bank can safely lend an amount equal to its excess reserves.

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Definitions:

External Environment

All external factors and forces outside an organization that affect its business activities, including economic, legal, political, and social conditions.

Work History

A record of an individual's past employment, including job titles, duties, and duration of each position.

Exaggerated Responsibilities

Job descriptions or claims that overstate the actual duties or importance of a role.

Recruiting Process

The series of actions taken by an organization to identify, attract, assess, and hire candidates for employment.