Use the Following Balance Sheet for XYZ Bank,which Is One

question 33

Multiple Choice

Use the following balance sheet for XYZ Bank,which is one of many banks in a banking system.
Table 13.1-XYZ Bank balance sheet
-Refer to Table 13.1.With a required reserve ratio of 15 percent,XYZ Bank would have excess reserves of:

• A) $15,000.
• B) $20,000.
• C) $50,000.
• D) $150,000.

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Definitions:

Table

A structured arrangement of data organized into rows and columns within a document or database.

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A mode in software applications that allows users to layout or modify elements visually, without interacting with code directly.

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A feature in data validation that restricts input to a predefined set of values, ensuring data integrity.

Lookup Property

A feature in databases and software that allows fields in a table to match and retrieve corresponding information from another table or list.