If a Bank Has $500,000 in Checkable Liabilities, the Required

question 53

Multiple Choice

If a bank has $500,000 in checkable liabilities, the required reserve ratio is 20 percent, and the bank has $100,000 in reserves, then excess reserves are equal to

• A)$0.
• B)$100,000.
• C)$400,000.
• D)Not enough information is provided to solve the problem.

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Definitions:

Client-Centered Therapy

A form of psychotherapy developed by Carl Rogers, emphasizing an empathetic, accepting, and genuine environment created by the therapist to facilitate the client’s growth and personal development.

Humanistic Psychologist

A psychologist who adopts an approach focusing on individual potential and stresses the importance of growth and self-actualization.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome.

Desires

Strong feelings of wanting or wishing for something to happen or be the case.