XYZ Bank Has Total Time Deposits of $100 Million

question 194

Multiple Choice

XYZ Bank has total time deposits of $100 million. The Federal Reserve requires this bank to maintain 10 percent of its deposits. In this situation, the bank must maintain

• A) $0.
• B) $1,200,000.
• C) $10,000,000.
• D) $24,000,000.
• E) $100,000,000.

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Sexist Language

Language that perpetuates gender stereotypes or discriminates based on gender.

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