Table 16-3 -Refer to Table 16-3

question 66

Multiple Choice

Table 16-3
$$\begin{array} { | c | c | } \hline \text { Assets } & \text { Liabilities } \\\hline \text { Reserves } \quad \$ 7,000 & \begin{array} { c } \text { Deposits } \\+ \$ 50,000\end{array} \\\hline \text { Loans } & \text { Net Worth } \\+ \$ 46,000 & + \$ 3,000 \\\hline\end{array}$$
-Refer to Table 16-3.Consider the following simplified balance sheet for a bank: If the required reserve ratio is 10 percent,the bank can make a maximum loan of

• A)$2,000.
• B)$5,000.
• C)$6,300.
• D)$45,000.

---

Definitions:

Collaborative Purchasing

The practice of joining with others to buy goods or services in bulk to benefit from reduced prices or better terms.

Social Shopping

Online shopping that incorporates social media and user contributions to facilitate buying decisions.

Niche Market

A specialized segment of the market for a particular kind of product or service.

Micromarket

A small, specific market segment characterized by its own unique needs, preferences, and identity.