If a Bank Has a Required Reserve Ratio of 15

question 112

Multiple Choice

If a bank has a required reserve ratio of 15 percent and has required reserves of $225,000,000,how much does the bank hold in deposits?

• A) $33,750,000
• B) $210,000,000
• C) $240,000,000
• D) $1,500,000,000
• E) There is not enough information to solve this problem.

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Definitions:

Active Listening

Engaging in listening that is fully concentrated, understanding, responding, and then remembering what is being said.

Individual Competence

Individual competence refers to a person's ability to perform a specific task or role effectively, based on their skills, knowledge, and experience.

High-Performance Team

A high-performance team is a group of individuals who are highly focused on their goals and achieve superior results through cooperation, clear communication, and mutual respect.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.