Suppose That a Bank Has $100 Million in Checkable Deposits

question 160

Multiple Choice

Suppose that a bank has $100 million in checkable deposits and the required reserve ratio is 0.1.The bank has $5 million in actual reserves,so excess reserves are

• A)$-10 million
• B)$-5 million
• C)0
• D)$5 million
• E)$10 million

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Definitions:

Peers

Individuals of the same age or status, often implying a group of people who share similar interests, experiences, or social status.

School

An institution designed for the teaching of students under the direction of teachers, varying in levels from primary to tertiary education.

Self-Esteem

Someone's internal judgment of their own value or merit.

Self-Concept

An individual's perception of their own identity, including beliefs, personality traits, and attributes.