Exhibit 15-1 Balance Sheet of First Iliad State Bank

question 24

Multiple Choice

Exhibit 15-1 Balance sheet of First Iliad State Bank
              
       
In Exhibit 15-1, if the required reserve ratio is raised to 18 percent, then First Iliad State will:

• A)have to convert loans worth $800,000 to required reserves.
• B)have to convert loans worth $200,000 to required reserves.
• C)be able to make additional loans worth $800,000.
• D)be able to make additional loans worth $200,000.

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Definitions:

Inherently Motivated

Being internally driven to take action or engage in activities for the inherent satisfaction or fulfilment they bring, rather than for some separable consequence.

Extrinsic Motivation

The drive to perform activities for external rewards or to avoid negative outcomes, rather than for intrinsic satisfaction.

Very Controlling

Describes an approach or behavior characterized by the desire to dictate, dominate, or regulate everything and everyone within one's environment or sphere of influence.

Innovation Process

A series of steps that includes the generation, development, and implementation of new ideas or methods, leading to the creation of new or improved products, services, or processes.