Refer to the Accompanying Table

question 30

Multiple Choice

$$\begin{array} { | l | c | } \hline { \text { Type of Deposit } } & \text { Reserve Requirement } \\\hline \text { Checkable Deposits } & \\\hline \$ 7.8 \text { - 48.3 Million } & 3 \% \\\hline \text { Over \$48.3 Million } & 10 \\\hline \text { Noncheckable personal savings and time deposits } & 0 \\\hline\end{array}$$ Refer to the accompanying table. If a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are

• A) $30 million.
• B) $3 million.
• C) $1.8 million.
• D) $1.2 million.

---

Definitions:

Horizontal Ruler

A graphical user interface tool that displays horizontal measurement markings, often used in document editing or design applications.

Format Painter

A feature in many Microsoft applications that allows users to quickly apply the same formatting, such as color, font style, and size, from one part of a document to another.

Form Layout View

A design surface in database applications that allows for the arrangement and customization of forms for data entry and display.

Outline Color

A property that specifies the color of the border or outline of a graphical element on a user interface.