Table 13-2 -Refer to Table 13-2. If the Reserve Requirement Is 10

question 53

Multiple Choice

Table 13-2

-Refer to Table 13-2. If the reserve requirement is 10 percent, then this bank

• A)is in a position to make a new loan of $15,000.
• B)has less reserves than required.
• C)has excess reserves of less than $15,000.
• D)none of the above is correct.

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Definitions:

Unemployed

The state of being without a job despite being willing to work, typically measured as a percentage of the labor force.

Ethical Development

The process of developing and understanding moral principles that govern a person's behavior or conducting of an activity.

Conventional

Based on or in accordance with what is generally done or believed.

Preconventional

A stage in moral development characterized by behavior driven by the desire to avoid punishment and seek personal gain, typically seen in young children.