The Following Balance Sheet Is for the First National Bank

question 74

Multiple Choice

The following balance sheet is for the First National Bank.Assume the desired reserve ratio is 15 percent.

-Refer to the above data.If a cheque for $14,000 is drawn and cleared against this bank,its reserves and demand deposits will be,respectively:

• A) $50,000 and $120,000.
• B) $50,000 and $106,000.
• C) $36,000 and $120,000.
• D) $36,000 and $106,000.

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The authority and influence attributed to a person's role or position within an organization.

Referent Power

The influence one possesses that stems from others' respect, admiration, or identification with them.

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The act of granting power or authority to individuals or groups, enabling them to make decisions and take actions autonomously.

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outline the goals and the importance or order in which these goals should be addressed or achieved, acting as guidance for decision-making and resource allocation.