The Minimum Daily Average Reserve Requirement Is Computed by

question 74

Multiple Choice

The minimum daily average reserve requirement is computed by

• A)multiplying the reserve ratio by the daily closing deposit balance.
• B)multiplying the reserve ratio by the daily average closing deposit balance.
• C)dividing the reserve ratio by the daily average closing deposit balance.
• D)dividing the reserve ratio by the daily closing deposit balance.

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Definitions:

Control Chart

A tool used in statistical quality control to monitor a process and determine whether it is in a state of statistical control.

Compressive Strength

The capacity of a material or structure to withstand loads tending to reduce size, measured by the maximum stress that a material can sustain under compression.

Injection Molding

The process of producing components by forcing molten material into a mold.

Standard Deviation

A quantification of the extent to which a group of numbers deviates from their average.