If the Desired Reserve Ratio Is 7 Per Cent and a Bank

question 54

Multiple Choice

If the desired reserve ratio is 7 per cent and a bank has $10,000 of deposits,then its desired reserves are

• A)$7,000.
• B)$9,300.
• C)$700.
• D)$930.
• E)$7.

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Definitions:

Slave Women

Female individuals who were subjected to slavery, historically denied personal freedom and forced to work without compensation.

Spanish Rule

pertains to the historical period when Spain governed territories around the world, including parts of the Americas, through a system of viceroys and colonial administration.

Legal Equality

The principle that all individuals must be treated equally by the law, without any discrimination.

Assimilate

The process by which individuals or groups absorb and integrate the cultural traditions, language, or behaviors of another group or society.