Which of the Following Is a Valid Statement

question 61

Multiple Choice

Which of the following is a valid statement?

• A) The required reserve ratio equals the required reserves as a percentage of total deposits.
• B) The required reserves equal the maximum reserves required by the Fed.
• C) Excess reserves equal total reserves plus required reserves.
• D) The required reserve ratio equals percentage of savings account deposit, but not checkable deposits, required by the Fed.

---

Definitions:

Overtime

Additional hours worked beyond the standard working hours, often compensated at a higher pay rate.

Wage Rate

The amount of compensation a worker receives per unit of time or per task completed, usually expressed per hour or piece.

Hourly Wage

The amount of money paid for each hour of work.

Uglifruits

This term does not represent a known economic concept. NO.