Given the balance sheet below and assuming a required reserve ratio of 20 percent,how much (in dollar terms) must the bank hold in required reserves?
Definitions:
Thinking
Paying attention to information, mentally representing it, reasoning about it, and making decisions about it.
Intelligence Quotient
A measure of a person's intellectual abilities in relation to others, based on standardized tests.
Analytical Intelligence
The component of intelligence involved in problem-solving, logical reasoning, and the ability to analyze and evaluate.
Spatial Intelligence
The ability to visualize, manipulate, and reason with objects in three-dimensional space.
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