The Part of a Commercial Bank's Reserves That Are Larger

question 339

Multiple Choice

The part of a commercial bank's reserves that are larger than desired are called

• A)additional reserves.
• B)required reserves.
• C)excess reserves.
• D)nonrequired reserves.
• E)unnecessary reserves.

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Definitions:

Income Statements

Financial reports that show a company's revenues, expenses, and net income or loss over a specific period of time.

Chief Financial Officer

The senior executive responsible for managing the financial actions of a company, including tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions.

Controller

The manager of the accounting function of a vertical (business unit).

Managerial Accounting

The practice of analyzing, interpreting, and communicating financial information to managers for the purpose of business decision-making.