If Total Deposits at Last Bank and Trust Are $100

question 33

Multiple Choice

If total deposits at Last Bank and Trust are $100 million, total loans are $70 million, and excess reserves are $20 million, then which of the following is the required reserve ratio?

• A) 70 percent.
• B) 30 percent.
• C) 20 percent.
• D) 10 percent.

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Definitions:

Personal Biases

Prejudices or inclinations that affect an individual's views, decisions, and interactions, often unconsciously.

Applicant's Capabilities

The skills, qualifications, and experiences that a job applicant possesses, relevant to a specific job or task.

Socialization

The onboarding process through which new members learn the culture of an organization.

Casual Interactions

Informal exchanges or social contacts that occur naturally in the workplace or social settings.