Suppose a Chartered Bank Has Demand Deposits of $100,000 and the Desired

question 144

Multiple Choice

Suppose a chartered bank has demand deposits of $100,000 and the desired reserve ratio is 10 percent.If the bank's desired and excess reserves are equal, then its actual cash reserves:

• A)are $30,000.
• B)are $10,000.
• C)are $20,000.
• D)cannot be determined from the given information.

---

Definitions:

Search Engines

Web-based tools that allow users to find information on the internet by typing keywords or phrases into a search query.

Company's Network

The interconnected system of professional relationships and contacts within and related to a particular organization.

Informational Report

A document that presents facts and data without analysis, aimed at informing readers about specific topics or events.

Chain Of Events

A sequence of occurrences or actions that are linked and often lead to a particular result or conclusion.