If a Bank Has $1,000,000 in Reserves and Checking Deposits

question 41

Multiple Choice

If a bank has $1,000,000 in reserves and checking deposits of $3,000,000, what is the bank's reserve position if the required reserve ratio is 20 percent?

• A)The bank has $500,000 of required reserves and $500,000 of excess reserves.
• B)The bank has $600,000 of required reserves and $400,000 of excess reserves.
• C)The bank has $400,000 of required reserves and $600,000 of excess reserves.
• D)The bank has $200,000 of required reserves and $800,000 of excess reserves.

Distinguish between different types of aggression (physical, relational, reactive) in peer contexts.

Analyze the effects of losing friendships on children's emotional and social adjustment.

Examine the benefits of cross-race and diverse friendships in childhood development.

Explain the significance of emotional regulation and social skills for peer popularity.

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Definitions:

Two-Year Warranty

A guarantee provided by a seller or manufacturer to repair or replace defective goods for two years after purchase.

Tablet Computers

Tablet computers are portable, thin electronic devices equipped with a touchscreen interface, offering a combination of computing, internet, and multimedia capabilities.

Estimated Warranty Expense

A projected cost that a company expects to incur for repairing or replacing products under warranty.

Actual Warranty Costs

The real expenses incurred when repairing or replacing products under warranty.