Refer to the Accompanying Table

question 142

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 checkable deposits of $45 million and reserves of $2 million, then its excess reserves are

• A) $0.35 million.
• B) $0.65 million.
• C) $1.35 million.
• D) $1.65 million.

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Definitions:

Survivor

An employee who remains in a company following layoffs or workforce reductions, often facing increased workloads, emotional stress, and changes in job roles.

Workforce Reduction

Strategies or actions taken by an organization to decrease its number of employees, commonly through layoffs, to reduce costs or adjust to market conditions.

Voluntary Severance Packages

Financial incentives offered by employers to encourage employees to voluntarily resign, often used in workforce downsizing scenarios.

Downsizing Strategy

Strategy to improve an organization's efficiency by reducing the workforce, redesigning the work, or changing the systems of the organization.