If the Number in the Statement Is Written in Scientific

question 367

Multiple Choice

If the number in the statement is written in scientific notation, write it without exponents. If it is written without
exponents, write it in scientific notation.
-A computer can do one calculation in seconds.

• A) 0.000014
• B) 0.000000014
• C) 0.00000014
• D) 14,000,000

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Definitions:

Required Reserve Ratio

The fraction of deposits that banks are legally mandated to keep as reserves and not lend out.

Excess Reserves

The reserves held by financial institutions in excess of the minimum reserve requirements set by central banks; these are not used for lending and can influence the money supply.

Commercial Banks

Financial institutions that provide services such as accepting deposits, providing business and personal loans, and offering basic investment products.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposit liabilities, as mandated by central banking authorities.