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

question 178

Multiple Choice

Table 16-4.
-Refer to Table 16-4. If the bank faces a reserve requirement of 20 percent, then it

• A)has $10,000 of excess reserves.
• B)needs $10,000 more reserves to meet its reserve requirements.
• C)needs $5,000 more reserves to meet its reserve requirements.
• D)just meets its reserve requirement.

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Definitions:

Union Admission

The process by which a new state is admitted to the United States, involving Congress and the fulfillment of certain constitutional and legal prerequisites.

Disenfranchisement

The revocation or denial of voting rights, often used historically to exclude specific groups from political participation based on race, gender, or socio-economic status.

Literacy Test

Historically, a test administered to potential voters to assess their literacy and understanding of civic topics as a condition for voting, often used to disenfranchise racial and ethnic minorities.