If Over the First 12 Days of the Current Reserve

question 60

Multiple Choice

If over the first 12 days of the current reserve maintenance period the average daily reserve held were $37 million, what does the bank need to hold as reserves over the last two days to exactly meet the reserve requirement?

• A)$86.42 million.
• B)$91.46 million.
• C)$79.63 million.
• D)$99.14 million.
• E)$87.11 million.

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Definitions:

Leader Schema

A mental model or framework that individuals use to understand and categorize leadership behaviors and traits.

Outgroup

A social group to which an individual does not identify or belong, often seen as distinct or oppositional to the ingroup.

Idiosyncrasy Credit

Hollander’s transactional theory, in which followers reward leaders for achieving group goals by allowing them to be relatively idiosyncratic.

Socio-Emotional Leadership

A leadership style focused on addressing and nurturing the emotional and relational needs of group members.