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

question 82

Multiple Choice

Suppose that from a new checkable deposit,First National Bank holds two million dollars in vault cash,eight million dollars on deposit with the Federal Reserve,and one million dollars in required reserves. Given this information,we can say First National Bank has ________ million dollars in excess reserves.

• A)three
• B)nine
• C)ten
• D)eleven

---

Definitions:

Muckrakers

Journalists and authors, especially during the Progressive Era, who exposed and published stories on corruption, social injustices, and abuses in society.

Watchdogs

Entities or individuals that monitor and report on the activities of organizations or governments to ensure accountability.

Political Candidates

Individuals who seek to hold public office by being elected or appointed, participating in electoral campaigns to gain support.

Televised Debate

A live broadcast event where political candidates or parties discuss and argue their views and policies before an audience.