Use the Following to Answer Questions

question 151

Multiple Choice

Use the following to answer questions:
The reserve requirement is 20%.Leroy receives $1000 as a graduation present and deposits the money in his chequing account.The bank does NOT want to hold excess reserves.
-(Scenario: Money Creation) Refer to Scenario: Money Creation.By how much did the monetary base change?

• A) $0
• B) $800
• C) $1000
• D) $4000

Discuss the strategies and policies to ensure equitable representation and address past discriminations in organizations.

Understand the concept of employment equity and the rationale behind it.

Identify the key components of an effective employment equity plan.

Recognize the roles and responsibilities of an employment equity representative.

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Definitions:

Credit Balance

A situation where the sum of credits in an account exceeds the sum of debits, often indicating a liability or revenue.

Cash Short

Cash Short refers to a situation where the actual amount of cash on hand is less than the recorded amount in the accounting records, indicating a discrepancy that needs investigation.

Cash Overages

A situation where the amount of cash in a cash register exceeds the amount expected based on sales records and receipts.

Separating Operations

The process of dividing a company's activities into distinct tasks or functions for efficiency or strategic purposes.