The Banks Basic Reserve Ratio on Checking Deposits Over $55

question 243

Multiple Choice

The banks basic reserve ratio on checking deposits over $55.2 million is now

• A)16%.
• B)14%.
• C)12%.
• D)10%.
• E)8%.

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Definitions:

Litigation

The process of taking legal action or bringing a lawsuit in a court of law to resolve a dispute.

ADR Procedures

Alternative Dispute Resolution methods, which include mediation and arbitration, aimed at resolving disputes without litigation.

Settlement Week

An ADR technique in which the court clears its docket of all business except settlement hearings.

Arbitration Session

A meeting where a neutral third party hears disputes from involved parties and makes a decision to resolve the issue.