If a Bank Had Demand Deposits of $80 Million and It

question 76

Multiple Choice

If a bank had demand deposits of $80 million and it desired a 25 percent reserve ratio,how much would it hold in reserve?

• A)$20 million
• B)$40 million
• C)$60 million
• D)$80 million

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Definitions:

Leaders

Individuals who guide or direct a group, organization, or country towards goals by inspiring, influencing, and initiating actions.

Cultures

The shared values, beliefs, norms, and practices that characterize a group of people or an organization.

Decisive

Being characterized by or displaying no or little hesitation; resolute in making decisions.

Culture Clusters

Groupings of cultures that share similar characteristics and are classified together based on geographical, linguistic, or cultural similarities.