The Manager of the Bank Where You Work Tells You

question 104

Multiple Choice

The manager of the bank where you work tells you that the bank has $200 million in deposits and $24.5 million dollars in loans. If the reserve requirement is 6 percent, how much is the bank holding in excess reserves?

• A)$9.5 million
• B)$12.5 million
• C)$12 million
• D)$0 million

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Definitions:

Media

Various platforms for communication, including television, radio, newspapers, and the internet, used to store and deliver information or data.

Long-Distance

Relates to situations, communications, or transportation covering large areas or extending over miles.

Self-Expansion

A psychological model suggesting individuals have a fundamental motivation to enhance their efficacy through relationships and experiences, leading to self-growth.

Romantic Relationships

Emotional and physical bonds between two individuals that typically involve love, attraction, and commitment.