Use the Balance Sheet for the Following Questions

question 190

Multiple Choice

Use the balance sheet for the following questions.
Table 29-3

-Refer to Table 29-3.If the reserve requirement is 10 percent,then this bank

• A)is in a position to make a new loan of $15,000.
• B)has less reserves than required.
• C)has excess reserves of less than $15,000.
• D)None of the above is correct.

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Definitions:

Disjunct

A component of a disjunctive proposition—p and q.

Conjunct

An element in a conjunction, a logical operation where the result is true if all the operands are true.

Consequent

The outcome or result in a conditional statement, typically following the word "then" in the format "if p then q".

Truth Values

The valuation in logic that indicates the relationship of a statement to the truth, typically classified as either true or false.