If the Required Reserve Ratio Is 10 Percent,the Simple Deposit

question 70

Multiple Choice

If the required reserve ratio is 10 percent,the simple deposit multiplier is

• A)5.0.
• B)2.5.
• C)100.0.
• D)10.0.

---

Definitions:

Wrong Amount

The incorrect calculation or entry of a figure in accounting records, transactions, or financial statements.

Account Balance

The amount of money present in a financial account at any given time.

Posting Errors

Mistakes that occur when financial data is incorrectly recorded or entered into the accounting system.

Common Stock

A type of security that represents ownership in a corporation, with the right to vote on corporate matters and receive dividends.