A Bank Has $250 in Checking Deposits,$1,000 in Savings Deposits,$1,200

question 215

Multiple Choice

A bank has $250 in checking deposits,$1,000 in savings deposits,$1,200 in time deposits,$1,000 in loans to businesses,$400 in outstanding credit card balances,$800 in government securities,$25 in currency in its vault,and $25 in deposits at the Fed.The bank's reserves are equal to

• A)$25.
• B)$275.
• C)$2,225
• D)$50.
• E)$350.

---

Definitions:

Certification Exam

An assessment that, when passed, certifies an individual has met a certain level of knowledge or skill in a specific area.

Cloud Computing

The provision of various services over the Internet, encompassing data storage, servers, databases, networking, and software.

Telecommuting

A work arrangement in which employees do not commute to a central place of work but instead work remotely, often from home, using the internet.

Chip-And-Pin Technology

A secure method for making credit and debit card transactions, using a microchip on the card and the cardholder entering a PIN.