Use the Balance Sheet for the Following Questions

question 93

Multiple Choice

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

-Refer to Table 29-3.The reserve requirement is 10 percent and then someone deposits an additional $50,000 into the bank,then if the bank takes no other action it will

• A)have $65,000 in excess reserves.
• B)have $55,000 in excess reserves.
• C)need to raise an additional $5,000 of reserves to meet the reserve requirement
• D)None of the above is correct.

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Definitions:

Memorized Approach

A sales technique wherein a seller uses a scripted message to pitch their product or service, often rehearsed to ensure consistency and effectiveness.

Time Limited

A situation or offer that is available only for a specified period before expiring or changing.

Need-Satisfaction Presentation

A sales technique focusing on identifying and addressing the specific needs or problems of a customer to suggest a tailored solution.

Selling Situation

The specific context or environment in which a sales interaction takes place, including factors like customer needs, competition, and market dynamics.