In 2011 Banks Kept Reserves Equal to About ________ of Their

question 143

Multiple Choice

In 2011 banks kept reserves equal to about ________ of their assets.

• A)75 percent.
• B)25 percent
• C)13 percent
• D)50 percent
• E)37 percent

---

Definitions:

Recordkeeping

The maintenance of records, including the processes of creating, storing, and managing documents.

Technology

The application of scientific knowledge for practical purposes, especially in industry, which includes machinery, equipment, methods, and processes.

Cost-benefit Constraint

A principle that considers whether the cost of implementing a decision outweighs the benefits derived from it.

Disclosure

The process of making essential financial information known to shareholders, regulators, and the public.