Suppose That the Bank of Oranges Has Excess Reserves of $80

question 50

Multiple Choice

Suppose that the Bank of Oranges has excess reserves of $80 million and checkable deposits of $500 million.If the bank has a reserve requirement of 10%,what is the bank's total amount of reserves?

• A) $580 million
• B) $130 million
• C) $508 million
• D) $30 million
• E) $0

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Definitions:

Sympathy and Empathy

Emotional responses where sympathy involves feeling compassion for others, while empathy involves understanding and sharing the feelings of another.

Moral Decisions

Choices made based on distinguishing right from wrong according to moral principles, often involving ethical considerations and dilemmas.

Principles

Foundational rules or laws that guide actions, behavior, or thought processes in various disciplines or aspects of life.

Intuitions

The ability to understand something instinctively, without the need for conscious reasoning.