Bank a Has Checkable Deposits of $10 Million and Total

question 99

Multiple Choice

Bank A has checkable deposits of $10 million and total reserves of $1 million.The required reserve ratio is 9 percent.The bank has excess reserves of

• A) $910,000.
• B) $91,000.
• C) $100,000.
• D) $10,000.
• E) There is not enough information provided to answer this question.

---

Definitions:

Social Media

Digital platforms that enable users to create, share, or exchange information, ideas, and media in virtual communities.

Cyberloafing

Describes the act of using the internet for non-work-related activities during working hours, leading to productivity loss.

Communication Medium

The channel or method through which communication occurs between sender and receiver, such as email, phone, or face-to-face interactions.

Social Media

Digital platforms that facilitate the creation and sharing of information, ideas, and other forms of expression via virtual communities and networks.