Suppose That from a New Checkable Deposit,First National Bank Holds

question 165

Multiple Choice

Suppose that from a new checkable deposit,First National Bank holds two million dollars in vault cash,nine million dollars in excess reserves,and faces a required reserve ratio of ten percent. Given this information,we can say First National Bank has ________ million dollars in required reserves.

• A)one
• B)two
• C)eight
• D)ten

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Definitions:

Corporate Social Responsibility

A corporate strategy that involves incorporating ecological and social considerations into business practices and stakeholder engagements.

Obstructionist Strategy

A strategy where a business or individual actively resists or tries to block proposed changes or developments.

Utilitarian View

A philosophical approach that emphasizes the greatest good for the greatest number, often used in ethical decision-making.

Ethical Behaviour

Conduct that is consistent with what is considered to be right or morally good, defined by the standards and principles of a society or organization.