Which of the Following Statements Is Not Correct

question 64

Multiple Choice

Which of the following statements is not correct?

• A)The actual cash reserves of a chartered bank equal its excess plus its desired reserves.
• B)A bank's assets plus its net worth equal its liabilities.
• C)When borrowers repay bank loans, the supply of money is reduced.
• D)A single chartered bank can safely lend an amount equal to its excess reserves.

---

Definitions:

Transaction

An instance of buying or selling, or the exchange of goods, services, or funds.

Range

The difference between the highest and lowest values in a set of numbers.

Domain

In mathematics, it is the set of all possible input values for a function; in computing, it refers to a distinct subset of the Internet under the control of a specific organization or individual.

Staff Allocation

The process of assigning employees to various projects, duties, or departments based on their skills, availability, and the operational needs of the organization.