What Is the Maximum Value of ? Restrict Your

question 31

Multiple Choice

What is the maximum value of ? Restrict your attention to the horizontal span of 0 to 20.Round your answer to two decimal places. ​

• A) 39.13
• B) 12.46
• C) 42.72
• D) 11.30

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Definitions:

Excess Reserves

The banks' reserves over and above the required minimum that they choose to hold rather than loan out.

Depositors

People or organizations that deposit their funds into a bank to secure them and gain interest as time passes.

Borrowers

Individuals or entities that take funds from a lender under the agreement to pay back the principal amount along with interest.

Required Reserves

The dollar amount of reserves a bank is obligated by regulation to hold as cash in the bank’s vault or on account at the Fed.