Which of the Following Is True

question 89

Multiple Choice

Which of the following is true?

• A) Reserves = required reserves - excess reserves.
• B) Reserves - required reserves = excess reserves.
• C) Reserves = required reserves + excess reserves.
• D) b and c
• E) a and b

---

Definitions:

Depreciation Method

A systematic approach to allocating the cost of a tangible asset over its useful life.