Bank Reserves Include

question 106

Multiple Choice

Bank reserves include

• A)deposits at the Fed and short-term treasury securities.
• B)vault cash and short-term Treasury securities.
• C)vault cash and deposits at the Fed.
• D)deposits at other banks and deposits at the Fed.

---

Definitions:

Standard Costs

Predetermined costs for material, labor, and overhead used as benchmarks against which to compare the actual production costs.

Direct Material

Raw materials that are directly traced and assigned to the production of a specific product.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit of material.

Kilos

A metric unit of mass equal to one thousand grams, commonly used for measuring weight in many countries.