Bank a Has Checkable Deposits of $10 Million and Total

question 99

Multiple Choice

Bank A has checkable deposits of $10 million and total reserves of $1 million.The required reserve ratio is 9 percent.The bank has excess reserves of

• A) $910,000.
• B) $91,000.
• C) $100,000.
• D) $10,000.
• E) There is not enough information provided to answer this question.

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Definitions:

Premises

Land and the buildings on it, or the legal terms of an agreement.

Injuries

Physical harm or damage to a person's body caused by an accident or an act of violence.

Eviction

The legal process by which a landlord removes a tenant from rental property, typically due to the tenant violating lease terms.

Full

Typically refers to the maximum capacity or entire amount of something, without lacking or being partial.