Scenario 16-2 Imagine That Kristy Deposits $10,000 of Currency into Her Checking

question 211

Multiple Choice

Scenario 16-2
Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A and that the required reserve ratio is 20%.
-Refer to Scenario 16-2.As a result of Kristy's deposit,Bank A's excess reserves increase by

• A) $2,000.
• B) $8,000.
• C) $10,000.
• D) $50,000.

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Definitions:

Increase Sales

A business objective aimed at enhancing the volume or value of products sold within a specific period.

Lifestyle Entrepreneur

An individual who starts a business not solely for profit, but to fund a desired lifestyle or personal interests.

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A person who repeatedly starts new businesses and ventures, moving from one interest or opportunity to another.

Intrapreneur

An employee within a company who promotes innovative product development and marketing strategies, behaving like an entrepreneur while working within the organization's framework.