-The Above Table Gives the Initial Balance Sheet for Mini

question 105

Multiple Choice

-The above table gives the initial balance sheet for Mini Bank. If the bank's desired reserve ratio is 10 percent, how much does this bank have in excess reserves?

• A) $60
• B) $90
• C) $40
• D) $10

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Definitions:

People Skills

The ability to communicate, interact, and work well with others effectively.

Training

Training refers to the process of teaching or developing in oneself or others, any skills and knowledge that relate to specific useful competencies.

External Locus

A psychological concept referring to individuals who believe that external forces and situations influence their life outcomes.

Internal Locus

A belief that one has control over their own life and outcomes rather than external forces.