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:

Resource Scarcities

Indicate a situation where resources are insufficient to meet the needs or demands, often leading to competition and strategic planning to mitigate such shortages.

Task Interdependencies

Describes the extent to which work tasks or activities within an organization rely on each other for completion or the achievement of a goal.

Substantive

Pertaining to something that is real, substantial, or considerable in terms of importance, size, or value.

Emotional Issues

Challenges related to managing one's emotions within personal or work-related contexts, potentially impacting mental health or performance.