Table 16-4. -Refer to Table 16-4. Suppose the Bank Faces a Reserve

question 104

Multiple Choice

Table 16-4.
-Refer to Table 16-4. Suppose the bank faces a reserve requirement of 10 percent. Starting from the situation as depicted by the T-account, a customer deposits an additional $50,000 into his account at the bank. If the bank takes no other action it will

• A)have $65,000 in excess reserves.
• B)have $55,000 in excess reserves.
• C)need to raise an additional $5,000 of reserves to meet the reserve requirement ratio
• D)None of the above is correct.

Grasp the significance of homophily in group dynamics and how similarity influences group membership.

Appreciate the role of self-evaluation maintenance theory in social relationships and group affiliations.

Understand gender differences in seeking and providing support within social groups.

Recognize the importance of exchange theory in explaining why people form groups.

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Definitions:

NPDES

National Pollutant Discharge Elimination System, a regulatory program in the United States that issues permits for the discharge of pollutants into waters of the United States.

SIP

Session Initiation Protocol (SIP) is a communication protocol used for signaling and controlling multimedia communication sessions including voice and video calls over Internet Protocol (IP) networks.

Nullity

A legal status indicating that something is void and without legal effect from its inception.

Private Causes of Action

Legal rights allowing individuals to sue for a redress or prevention of wrongs, without government intervention.