If a Bank Has a Required Reserve Ratio of 20

question 53

Multiple Choice

If a bank has a required reserve ratio of 20% and has required reserves of $300 million,how much does the bank hold in deposits?

• A) $33.75 million
• B) $60 million
• C) $360 million
• D) $1.5 billion
• E) There is not enough information to solve this problem.

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Definitions:

Spiritual Distress

A disturbance in an individual's belief or value system that may affect their health, often related to illness, loss, or hardship.

Durable Power

Often refers to a durable power of attorney, a legal document granting someone authority to act on another's behalf in legal or financial matters, continuing if the grantor becomes incapacitated.

Living Will

A legal document that outlines an individual's preferences regarding medical treatments and interventions in scenarios where they cannot communicate their decisions due to serious illness or incapacitation.

Risks For Suicide

Factors that increase the likelihood of an individual attempting to take their own life.