If Loans Are $300,000, Checkable Deposits Are $600,000, and the Required

question 199

Multiple Choice

If loans are $300,000, checkable deposits are $600,000, and the required reserve ratio is 40 percent, then excess reserves are:

• A) $360,000.
• B) $240,000.
• C) $120,000.
• D) $60,000.
• E) $30,000.

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Definitions:

T Lymphocyte Cells

A type of white blood cell critical for immune system function, involved in directly attacking infected cells as well as coordinating the immune response.

Lymphoid Tissue

Part of the immune system, comprising specialized tissues that produce lymphocytes, such as lymph nodes and the spleen.

Immunity

The ability of an organism to resist a particular infection or toxin by the action of specific antibodies or sensitized white blood cells.

Thymus

An organ located in the chest that plays a role in the immune system by producing T lymphocytes.