Table 10-2 -Refer to the Table 10-2.If the Reserve Requirement Is 30

question 23

Multiple Choice

Table 10-2
-Refer to the Table 10-2.If the reserve requirement is 30 percent,what is this bank's reserve position?

• A) It has $29,000 of excess reserves.
• B) It needs $10,000 more in reserves to meet its reserve requirement.
• C) It needs $27,500 more in reserves to meet its reserve requirement.
• D) It just meets its reserve requirement.

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Definitions:

Variance

A measure of the dispersion of a set of data points around their mean value, indicating how spread out the data points are.

Standard Deviation

A measure of the dispersion or spread of a set of values, calculated as the square root of the variance, indicating how much the values deviate from the mean.

Standard Deviation

An assessment of how much the values in a group differ or spread out.

Variance

A metric indicating how spread out a group of numbers is, determined by the mean of the squared deviations from the average.