If Loans Are $69,000, Excess Reserves Are $1,400, and Checkable

question 236

Multiple Choice

If loans are $69,000, excess reserves are $1,400, and checkable deposits are $80,000, then the required reserve ratio must be:

• A) 1.75 percent.
• B) 12 percent.
• C) 13.75 percent.
• D) 17.5 percent.
• E) 0.12 percent.

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Definitions:

Personal Outcome

The specific result or consequence experienced by an individual as a result of their actions or decisions.

Martyrdom Effect

The phenomenon where individuals may place a higher value on goals or goods that they suffer for or put significant effort into attaining.

Not-for-profit Organizations

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Communications Model

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