Unplanned Reserves Are Equal to

question 170

Multiple Choice

Unplanned reserves are equal to

• A) the sum of desired reserves plus any reserves that are more than are required.
• B) actual reserves minus desired reserves.
• C) actual reserves plus desired reserves.
• D) desired reserves minus actual reserves.

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Definitions:

Timely Notice

Prompt notification within a designated or reasonable period, often required by law or agreement to uphold rights or fulfill obligations.

Dishonor

The state of being in disgrace or disrepute, often relating to a failure to fulfill an obligation, especially a financial one.

Unauthorized Checks

Checks that are issued and used without the account holder's knowledge or consent, typically an illegal activity.

Liability

The state of being legally responsible or obligated to settle a debt, fulfill a contractual duty, or compensate for harm or loss.