Which of the Following Is a Valid Statement

question 2

Multiple Choice

Which of the following is a valid statement?

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

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Definitions:

Universal Records

A global music corporation that manages recordings and copyrights of artists.

Leisure

Free time not taken up by work, duties, or responsibilities, which can be used for relaxation, hobbies, or personal enjoyment.

Sociology

The study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the creation of electronic devices.