If a Bank's Required Reserves Equal $270, 000, No Excess

question 20

Multiple Choice

If a bank's required reserves equal $270, 000, no excess reserves are held, and the reserve requirement is equal to 18 percent, what is the value of the bank's total deposits?

• A)$900, 000
• B)$1, 500, 000
• C)$48, 000
• D)$486, 000
• E)$150, 000

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Definitions:

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others, enhancing interpersonal communication and decision-making.

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Enduring characteristics or tendencies of an individual that influence their behavior across various situations.

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An individual's psychological attachment to an organization, reflecting their loyalty and the extent of their identification with the organization's goals.

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The natural talents and acquired skills that individuals possess, which enable them to perform specific tasks or engage in particular activities effectively.