If Checkable Deposits in Bank a Total $390 Million and the Required

question 88

Multiple Choice

If checkable deposits in Bank A total $390 million and the required reserve ratio is 10 percent,then required reserves at Bank A equal

• A) $3.9 million.
• B) $0.39 million.
• C) $93 million.
• D) $39 million.
• E) There is not enough information provided to answer the question.

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Definitions:

Value Analysis

A methodical approach to assessing a product or service to reduce costs without impairing quality or performance, aiming to improve value for the manufacturer and customer.

Customer Benefit Plan

A strategy designed by businesses to outline and communicate the advantages or value a customer will receive from their product or service.

Smart

Typically related to devices or technology, denoting intelligence or connectivity features that allow for more efficient and interactive use.

Targeted Rate

A specific goal or benchmark rate set for performance, financial returns, or other measurable outcomes.