A Small State Bank Currently Has Reserves Equal to $300,000

question 14

Multiple Choice

A small state bank currently has reserves equal to $300,000.If the state reserve requirement is 20%,but the bank currently maintains a 30% reserve,what amount of reserves would the bank need if it met the reserve requirements exactly?

• A) $200,000
• B) $100,000
• C) $300,000
• D) $1,000,000
• E) None of the above.

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Definitions:

Concordant Rates

In genetics, the likelihood of both members of a pair (especially twins) to either both exhibit or not exhibit a trait or disorder.

Heritability

Heritability is a measure of how much of the variation in a trait among individuals within a population can be attributed to genetic differences.

Concordance

The agreement or harmony between treatments, behaviors, or opinions among individuals or in data, often used in genetics and medicine to describe the similarity in illness or traits.

Hereditary Trait

A feature or characteristic passed from one generation to another through genes.