A Customer of a Bank Needs Additional Currency and Cashes

question 79

Multiple Choice

A customer of a bank needs additional currency and cashes a check for $10,000.The reserve requirement is 20%.The bank has no excess reserves.It must:

• A)refuse the check
• B)get an additional $8,000 of reserves
• C)get an additional $2,000 of reserves
• D)none of the above

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Definitions:

Mind Mapping

A visual technique for organizing information, ideas, or thoughts around a central concept, using diagrams.

Direct Approach

A communication strategy that involves straightforwardly presenting the main point or request at the beginning of a message.

Business Messages

Communications conveyed within or between businesses, often with the purpose of facilitating operations, marketing, or professional relationships.

Complex Message

A communication that contains multiple layers of meaning or requires careful interpretation due to its intricate or detailed nature.