Suppose a Bank Has $8,000 in Checkable Deposits and the Required

question 66

Multiple Choice

Suppose a bank has $8,000 in checkable deposits and the required reserve ratio is 0.2.If actual reserves equal $3,000,then excess reserves equal:

• A)$1,600.
• B)$1,400.
• C)$2,400.
• D)$5,000.
• E)zero.

Understand the basic earnings per share and its significance to investors.

Recognize the importance of financial reporting objectives and the conceptual framework of accounting.

Appreciate the qualitative characteristics of useful financial information.

Understand the difference between fundamental and enhancing qualitative characteristics.

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Definitions:

Alveoli

Small air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place, crucial for breathing and gas exchange.

Microvilli

Extensive tiny projections on the surface of some cells that increase the surface area for absorption or secretion.

Renal Artery

The artery that supplies blood to the kidneys, essential for the filtration and regulation of electrolyte levels in the blood.

Ureter

A pair of tubes that carry urine from the kidneys to the bladder, playing a crucial role in the urinary system of mammals, including humans.