Bank a Has Checkable Deposits of $800,000 and Total Reserves

question 6

Multiple Choice

Bank A has checkable deposits of $800,000 and total reserves of $200,000.If the required reserve ratio is 0.11,the bank has required reserves of

• A) $600,000.
• B) $88,000.
• C) $112,000.
• D) $22,000.

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Definitions:

Burial

The act of placing the dead body of a person or animal in the ground as a part of the funeral rites.

Cemetery Reforms

Initiatives and changes aimed at improving the conditions, management, and sustainability of burial grounds.

Construction

The process of building or assembling infrastructure, buildings, and other physical structures.

Maintenance

The act of preserving or keeping something in good condition through regular checks and repairs, or the consistent performance of necessary tasks.