Table 132
ABC Bank Balance Sheet Refer to Table 13

question 56

Multiple Choice

$\begin{array}{l|l}\text { Assets }&\text { Liabilities }\\\hline \text { Total reserves }\quad\$80,000&\text { Transactions accounts }\quad\$200,000\\\text { Loans }\quad120,000\end{array}$

Table 13.2
ABC Bank Balance Sheet Refer to Table 13.2.With a required reserve ratio of 10 percent,ABC Bank would have excess reserves of

• A)$20,000.
• B)$40,000.
• C)$60,000.
• D)$140,000.

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Definitions:

E-commerce

The buying and selling of goods and services over the internet.

Traditional Commerce

Commerce transactions that take place in physical locations, such as stores or offices, rather than online.

Authorized Mode

Pertains to a legally or officially approved method or procedure.

Effective

Something that produces a desired result or achieves the intended outcome.