The Following Table Lists Some Statistics on Boring Bank

question 5

Multiple Choice

The following table lists some statistics on Boring Bank.

-Refer to the table above.If Boring Bank faces a required reserve ratio of 10 percent and has twice as many excess reserves as required reserves,how much in total reserves does the bank have?

• A) $20
• B) $40
• C) $60
• D) $100

---

Definitions:

Cultures

The shared beliefs, practices, norms, and values of a group of people that shape their way of life.

Standards

Established norms or requirements that dictate the expected quality, performance, or conduct in various fields or activities.

Expectancies

Beliefs or assumptions about the likelihood of future events or outcomes.

Conditions

Specific factors or circumstances that affect situations, actions, or phenomena, determining their outcomes or the manner in which they occur.