0.65 Converted to Percent Is

question 135

Multiple Choice

0.65 converted to percent is:

• A)0.0065%.
• B)6.5%.
• C)65.05%.
• D)65%.
• E)None of these.

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Definitions:

Demand Deposits

Bank account funds that are available on demand without any delay or penalties, like those in checking accounts.

Excess Reserves

The reserves held by a bank in excess of the minimum reserve requirements set by central banking authorities.

Required Reserves

The minimum amount of reserves that banks are required to hold by law, as a safeguard against bank runs.

Demand Deposits

Bank account balances that can be withdrawn on demand without any notice, such as in checking accounts.