The Excess in Reserves That Results from a Check Being

question 68

Multiple Choice

The excess in reserves that results from a check being credited to one bank (or other depository institution) before it is debited from another is/are called

• A)excess reserves.
• B)required reserves.
• C)loaned-up funds.
• D)Federal Reserve float.

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Definitions:

Inches

A unit of length in the imperial and US customary systems, equivalent to 1/12th of a foot.

Dimensional-analysis

A technique utilized for converting measurements by applying the fundamental properties of dimensions associated with the variables involved.

Centimeters

A unit of length in the metric system, equal to one hundredth of a meter, commonly used to measure small distances.

Inches

A unit of length in the British imperial and the United States customary systems, equal to 1/12 of a foot.