Bank a Has Checkable Deposits of $10 Million and Total

question 99

Multiple Choice

Bank A has checkable deposits of $10 million and total reserves of $1 million.The required reserve ratio is 9 percent.The bank has excess reserves of

• A) $910,000.
• B) $91,000.
• C) $100,000.
• D) $10,000.
• E) There is not enough information provided to answer this question.

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Optimization

The process of making something as effective or functional as possible.

Universal Principles of Management

Fundamental concepts and practices that are widely applied across various industries and organizations to effectively lead and manage teams.

Henry Fayol

A French engineer and scholar, recognized as one of the pioneers of modern management methodologies, noted for his development of a general theory of business administration.

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