Which Statement Is True

question 251

Multiple Choice

Which statement is true?

• A)All large banks have to hold about 10 percent of their time deposits on reserve.
• B)All small banks have to hold about 10 percent of their time deposits on reserve.
• C)All banks have to hold about 10 percent of their time deposits on reserve.
• D)None of the statements are true.

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Definitions:

Majority of Votes

More than half of the votes cast in an election or other decision-making process.

Presidential Primary

A presidential primary is a preliminary election where voters select candidates to be nominated by their party for the presidency.

National Convention

A large gathering held by political parties every four years to nominate presidential and vice-presidential candidates, adopt platforms, and unite supporters.

Presidential Nominee

The candidate chosen by a political party to compete for the presidency in a national election.