If Actual Reserves in the Banking System Are $8,000, Checkable

question 235

Multiple Choice

If actual reserves in the banking system are $8,000, checkable deposits are $70,000, and the legal reserve ratio is 10 percent, then excess reserves are

• A) zero.
• B) $1,000.
• C) $2,000.
• D) $500.

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Definitions:

Post-test Loop

A loop that executes the body of the loop at least once before testing a condition at the end of the loop iteration.

While Loop

A control flow statement in most programming languages that repeatedly executes a block of code as long as a given condition is true.

Control Variables

Variables used to control the flow and outcome of a program or experiment, often used in loops and conditional structures.

Initialized

Refers to the process of assigning an initial value to a variable at the time of its declaration.