Table 29-5. -Refer to Table 29-5. If the Bank Faces a Reserve

question 457

Multiple Choice

Table 29-5.
-Refer to Table 29-5. If the bank faces a reserve requirement of 8 percent, then the bank

• A)is in a position to make a new loan of $14,000.
• B)has fewer reserves than are required.
• C)has excess reserves of $16,400.
• D)None of the above is correct.

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Definitions:

Declarative Memories

Memories that can be consciously recalled, such as facts and events.

Nondeclarative Memories

Memory stored and retrieved unconsciously, such as skills and conditioned responses, which do not require conscious thought to be recalled.

Explicit

Stated clearly and in detail, leaving no room for confusion or interpretation.

Implicit

Implicit refers to something that is suggested or understood without being directly expressed or stated.