Which of the Following Is a Valid Statement

question 105

Multiple Choice

Which of the following is a valid statement?

• A) Excess reserves = total reserves minus required reserves.
• B) Required reserves = the minimum reserves required by the Fed.
• C) Required reserve ratio = required reserves as a percentage to total deposits.
• D) All of the above.

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Definitions:

Democracy

A form of government in which power is vested in the hands of the people, either directly or through elected representatives.

Montgomery Bus Boycott

Sparked by Rosa Parks’s arrest on December 1, 1955, for refusing to surrender her seat to a white passenger, a successful yearlong boycott protesting segregation on city buses; led by the Reverend Martin Luther King Jr.

Desegregating

The act of eliminating racial segregation, or the separation of different racial groups, in institutions or society.

State Flag

A flag designed to represent and symbolize a specific state within a country, often featuring unique symbols, colors, and designs.