The Table Below Shows Data (In Millions) for Sun Trust

question 184

Multiple Choice

The table below shows data (in millions) for Sun Trust Banks in September 2017 and September 2108. The data show that Sun Trust

• A) increased its reserve ratio to 5.3 percent over the 12 months.
• B) increased its reserve ratio to 6.4 percent over the 12 months.
• C) has fewer excess reserves in 2018.
• D) faced a higher currency drain ratio in 2018.

---

Definitions:

Commodity Taxes

Taxes imposed on goods, often based on their value or quantity, used by governments to generate revenue or influence market prices.

Purchases

The act of buying goods or services, involving the transfer of money or other forms of payment from buyer to seller.

Marginal Tax Rates

The amount of tax paid on an additional dollar of income, which can vary by income level and type of taxpayer.

Federal Personal Income Tax

A tax levied by the federal government on the annual income of individuals, with rates varying based on income levels.