A Bank Has $100,000 in Checkable Deposits and $30,000 in Reserves

question 3

Multiple Choice

A bank has $100,000 in checkable deposits and $30,000 in reserves. If the required reserve ratio is 10%, what is the amount of excess reserves?

• A) $0
• B) $10,000
• C) $20,000
• D) $30,000

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Definitions:

Personal Affairs

Matters related to an individual's private life, including personal finances, relationships, and health, which can influence their work life and well-being.

Flexibility

Flexibility in the workplace refers to the ability to adapt to changes and new demands, whether in terms of work arrangements, tasks, or thinking, fostering innovation and resilience.

Results-based Approaches

Strategies focused on achieving specific outcomes or goals, often assessed through measurable performance indicators.

Employee's Control

Refers to the degree of autonomy and influence that an employee has over their work tasks and environment.