Table 16-4. -Refer to Table 16-4. If the Bank Faces a Reserve

question 26

Multiple Choice

Table 16-4.
-Refer to Table 16-4. If the bank faces a reserve requirement of 10 percent, then the bank

• A)is in a position to make a new loan of $10,000.
• B)has fewer reserves than are required.
• C)has excess reserves of $12,500.
• D)None of the above is correct.

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Definitions:

Tulsa Riot

A violent racial attack that occurred in 1921 in the Greenwood District of Tulsa, Oklahoma, often referred to as the Tulsa Race Massacre, where a white mob attacked residents, homes, and businesses in one of the wealthiest black communities in the United States.

Committee on Public Information

A government agency created by President Woodrow Wilson during World War I to influence U.S. public opinion and increase support for the war effort through propaganda.

W. B. Du Bois

An influential African-American sociologist, historian, and civil rights activist, best known for his role in cofounding the NAACP and his seminal work "The Souls of Black Folk."