(Table) SCENARIO: Assume That the Empathy State Bank Begins with the Balance

question 156

Multiple Choice

(Table) SCENARIO: Assume that the Empathy State Bank begins with the balance sheet below and is fully loaned up. If this bank is subject to a reserve requirement of 5%, what is the amount of its excess reserves?

• A) $2,500
• B) $5,000
• C) $10,000
• D) Negative. This bank does not have excess reserves; it needs $2,500 to meet its reserve requirement.

---

Definitions:

Secondary Storage

Non-volatile storage that retains data when a computer is turned off, such as hard drives and SSDs.

Decimal Places

The number of digits to the right of the decimal point in a decimal number, indicating its precision.

System.out.printf()

A Java method used for formatted output, where you can specify the type and format of data to be displayed.

ShowMessageDialog

A method in Java Swing used to display a dialog box with a specified message to the user.