Which of the Following Statements Is an Example of Evaluating

question 34

Multiple Choice

Which of the following statements is an example of evaluating a letter by General Peabody written in 1900 using the technique of "internal criticism"?

• A)Checking that a letter was not actually written in 1864
• B)Checking to be sure that general’s wife was not the letter’s author
• C)Checking that the general witnessed events referred to in the letter and that the meanings within the letter are consistent
• D)Asking why the letter survived to the present
• E)Researching the type of paper on which the letter was written

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Definitions:

Excessive Reserves

Funds held by banks over and above the legal reserve requirement, not required but possibly maintained for additional safety or for other purposes.

Required Reserves

Required Reserves are the portion of depositors' balances that banks must have on hand as cash, according to central bank regulations.

Actual Reserves

The physical quantity of a resource or commodity that is known to be available and extractable under current conditions.

Reserve Requirement

The minimum amount of reserves that banks are required to hold by law, set by the central bank to control money supply.