Bank a Has Checkable Deposits of $900,000 and Total Reserves

question 149

Multiple Choice

Bank A has checkable deposits of $900,000 and total reserves of $112,000.If the required reserve ratio is 8 percent,the bank has excess reserves of

• A) $40,000.
• B) $72,000.
• C) $13,440.
• D) $4,000.

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Definitions:

Recruiters

Professionals who seek out, interview, and screen applicants to fill job openings in organizations.

Outsourcing

The practice of hiring external parties to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.

Direct Applicants

Individuals who apply for a job directly to the employer without intermediary agencies or recruiters.

Referrals

The act of recommending someone for a job, service, or other opportunities, often based on personal or professional connections.