A Small State Bank Currently Has Reserves Equal to $300,000

question 20

Multiple Choice

A small state bank currently has reserves equal to $300,000.If the state reserve requirement is 20%,but the bank feels more comfortable with maintaining a 30% reserve,what amount of deposits does the bank currently have?

• A) $1,500,000
• B) $600,000
• C) $1,000,000
• D) $300,000
• E) None of the above.

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Definitions:

Glass Escalator

The phenomenon where men in traditionally female-dominated professions advance to higher positions more quickly than their female counterparts.

Women-Dominated Workforces

Refers to fields or industries where the majority of the workforce is female, often seen in sectors like nursing, teaching, and care work.

Promotions

The act of elevating someone to a higher position or rank, often accompanied by increased responsibilities and benefits.

Intellectual Flexibility

The ability to adapt one's thinking and strategies to new situations, challenges, and perspectives, often involving open-mindedness and creativity.