Table 14-1 -Refer to Table 14-1.Suppose a Transaction Changes a Bank's Balance

question 102

Multiple Choice

Table 14-1

-Refer to Table 14-1.Suppose a transaction changes a bank's balance sheet as indicated in the T-account,and the required reserve ratio is 10 percent.As a result of the transaction,the bank has excess reserves of

• A)$0.
• B)$400.
• C)$3,600.
• D)$4,000.

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Definitions:

Tay-Sachs Disease

Inherited birth defect caused by the loss of genes that encode the enzyme necessary for breaking down certain fatty substances; appears 4 to 6 months after birth and results in intellectual disability, physical changes, and death by about age 5.

Genetic Errors

Flaws or mutations in an organism's DNA sequence that can lead to diseases, disorders, or physical variations.

Functional Near Infrared Spectroscopy

A non-invasive imaging technique that measures brain activity through hemodynamic responses associated with neural behavior.