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Read the vignette and answer the questions that follow.
When Janet started taking notes for her boss,Fred,she just knew that there was something wrong.She decided that she should stay quiet and let him cool off a bit.However,the moment she made a mistake with the dictation,Fred blew up at her,throwing his arms in the air in disgust.Janet did not say anything,figuring that he just needed to blow off steam.This interaction made her a bit angry,but she has learned to let things like that go,thinking "he is just like that." He later apologized for the outburst and they both felt much better after the apology.
-Which of the following theories or concepts best explains why Fred is able to blow up at his secretary but she is not able to respond to his outbursts?
Excess Reserves
The reserves held by banks over and above the legal reserve requirement set by the central bank or regulatory authority.
Actual Reserves
The total amount of funds or commodities a bank holds at a given time, including both required and excess reserves.
Required Reserves
The minimum amount of funds that a bank is required to hold in reserve against deposits made by customers, as mandated by regulatory authorities.
Required Reserve Ratio
The fraction of deposits that banks are required to keep on hand as reserves, either in cash or as deposits with a central bank.
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