Statement I: the Reserve Requirement for Time Deposits Is 3

question 352

Multiple Choice

Statement I: The reserve requirement for time deposits is 3%.
Statement II: A bank's primary reserves are its vault cash and its deposits at the Federal Reserve District Bank.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Fairness

The quality of making judgments that are free from discrimination, bias, and favoritism, ensuring equity and justice.

Job Insecurity

The fear or risk of losing one's job.

Downsizing

The intentional reduction of a company's workforce to improve its efficiency or reduce costs.

Survivor

An employee who remains in a company following layoffs or workforce reductions, often facing increased workloads, emotional stress, and changes in job roles.