The Megabux National Bank Currently Has Deposits of $200 Million

question 2

Multiple Choice

The Megabux National Bank currently has deposits of $200 million. If the Fed establishes a reserve requirement of 12 percent, Megabux National must hold reserves of _______ against its deposits

• A) $12 million
• B) $24 million
• C) $176 million
• D) $200 million

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Definitions:

Specialized Intellectual Abilities

Distinct skills or capabilities in specific areas of cognition or learning, such as mathematical reasoning or verbal fluency.

"g" Factor

A concept in psychology referring to general intelligence, representing a core of common skill underlying all specific cognitive abilities.

"g" Factor

The general intelligence factor believed to underlie specific mental abilities and talents.

General

Pertaining to or affecting all or most people, places, or things; widespread.