-The Table Above Shows the Balance Sheet for Ralph's Bank

question 182

Multiple Choice

-The table above shows the balance sheet for Ralph's Bank. If the desired reserve ratio is 15 percent, Ralph's Bank has unplanned reserves of

• A) $50.
• B) $500.
• C) $450.
• D) $2,500.

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Definitions:

Receiving Bank

A bank that receives transferred funds in a transaction, often in the context of wire transfers or other electronic payments.

Electronic Funds Transfer Act

A U.S. law that protects consumers engaging in electronic transfers, including ATM withdrawals, direct deposits, and transfers initiated through debit card transactions.

Regulatory Statute

Laws designed to govern and regulate specific activities or sectors, aiming to maintain public welfare, safety, and standards.

Unauthorized Transfers

Transactions or movements of assets that occur without the proper approval or consent.