Suppose That the Bank of Oranges Has Excess Reserves of $80,000,000

question 81

Multiple Choice

Suppose that the Bank of Oranges has excess reserves of $80,000,000 and checkable deposits of $500,000,000.If the bank has a reserve requirement of 10%,what is the bank's total amount of reserves?

• A) $580,000,000
• B) $130,000,000
• C) $508,000,000
• D) $30,000,000
• E) $0

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Definitions:

Punitive Damages

Monetary compensation awarded in court cases that goes beyond what the plaintiff actually lost, intended to punish the defendant for particularly egregious conduct.

Compensatory Damages

Money awarded to a plaintiff to compensate for actual losses, expenses, or harm suffered due to the defendant's actions.

Malice

The intention or desire to do evil or cause harm, often considered in legal contexts regarding the motive behind an action.

Title VII Coverage

Refers to the part of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.