If Bank of Mateer Has a Required Reserve Ratio of 40

question 61

Multiple Choice

If Bank of Mateer has a required reserve ratio of 40% and there is $100,000 in deposits,what is the amount of required reserves?

• A) $100,000
• B) $15,000
• C) $40,000
• D) $60,000
• E) $0

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Definitions:

Shrink-Wrap Agreement

A type of contract or terms of service that is packaged within a product's packaging, considered agreed upon when the package is opened.

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Goods Packaged

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Uniform Electronic Transactions Act

Legislation adopted by some jurisdictions to establish legal equivalence between electronic records and signatures and their paper counterparts, facilitating the legality of digital transactions.