Suppose That the Reserve Ratio Is 7 Percent and That

question 38

Multiple Choice

Suppose that the reserve ratio is 7 percent and that a bank has $3000 in deposits.What are its required reserves?

• A) $50
• B) $210
• C) $510
• D) $1200

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Definitions:

Dishonoring

Disrespect or discredit brought to someone or something, often by not living up to expectations or standards.

Victim

An individual who suffers harm or loss as a result of a crime, accident, or other event or action.

Sexual Contact

Any form of physical interaction between individuals that involves sexual or genital stimulation.

Sexual Behavior

Activities or actions related to the expression of sexuality and sexual feelings towards oneself or others.