Refer to the Accompanying Balance Sheet for the First National

question 260

Multiple Choice

Refer to the accompanying balance sheet for the First National Bank of Bunco. All figures are in millions. Suppose that this bank currently has $6 million in excess reserves and that customers of this bank collectively write checks
For cash at the bank in the amount of $6 million. As a result, the bank's excess reserves diminish to

• A) $0.
• B) $6 million.
• C) $0.72 million.
• D) $0.84 million.

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Definitions:

Genetic Tendency

A predisposition or likelihood of developing certain traits, behaviors, or conditions based on one's genetic makeup.

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Willpower; the ability to control one’s own behavior.

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Mindfulness Meditation

A mental practice that involves focusing one's mind on the present moment, acknowledging and accepting feelings, thoughts, and bodily sensations, used as a therapeutic technique.