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.

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Definitions:

Superior Articular Facet

Superior articular facets are the upper pair of articulating surfaces found on the vertebrae, which connect with an adjacent vertebra to facilitate spinal movement.

Median Sacral Crest

A ridge on the posterior surface of the sacrum formed by the fusion of spinous processes, serving as an attachment for muscles.

Zygomatic

Referring to the cheekbone or zygoma, a bone that shapes the face and forms the orbit of the eye.

Ethmoid

The ethmoid bone is a spongy, cuboid-shaped bone situated between the eyes and forming part of the cranial base and the nasal cavity walls.