Whenever Actual Reserves Exceed Desired Reserves, the Bank

question 81

Multiple Choice

Whenever actual reserves exceed desired reserves, the bank

• A)can make new loans.
• B)will go out of business.
• C)needs to call in loans.
• D)will borrow funds from another bank.
• E)will raise the interest rate on its loans.

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Definitions:

Significant Message

Information or communication that holds considerable importance or value to its audience.

Adjustment Letters

Written communications sent by a company to address and resolve a customer's complaint or dispute.

Issue Apology

The act of expressing regret or sorrow for having caused inconvenience, harm, or disappointment to others.

Business Practice

Established methods or routines followed within a professional environment to achieve efficiency and effectiveness.