Refer to the Accompanying Consolidated Balance Sheet for the Commercial

question 268

Multiple Choice

Refer to the accompanying consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All figures are in billions. The commercial banking system has excess reserves of

• A) $9 billion.
• B) $7 billion.
• C) $6.1 billion.
• D) $5 billion.

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Definitions:

Substrate-Level Phosphorylation

A metabolic process that produces ATP by transferring a phosphate group directly from a substrate molecule to ADP.

Citric Acid Cycle

An energy-generation method involving the conversion of acetate, sourced from carbohydrates, fats, and proteins, into carbon dioxide via a series of chemical reactions, utilized by all aerobic beings.

Electrons

Negatively charged subatomic particles that orbit the nucleus of an atom, involved in chemical bonds and electricity.

Coenzymes

Coenzymes are organic non-protein molecules that bind with enzymes to catalyze reactions within the body, often working as carriers of electrons or chemical groups.