Suppose That the Bank of Oranges Has Excess Reserves of $80,000,000

question 81

Multiple Choice

Suppose that the Bank of Oranges has excess reserves of $80,000,000 and checkable deposits of $500,000,000.If the bank has a reserve requirement of 10%,what is the bank's total amount of reserves?

• A) $580,000,000
• B) $130,000,000
• C) $508,000,000
• D) $30,000,000
• E) $0

---

Definitions:

Billing Practices

The methods and procedures used by organizations or individuals to charge for services or products, including invoicing and payment collection.

Fraud

An act of deception that is used to take advantage of another person or entity.

Diagnostic Codes

Alphanumeric codes used in healthcare to identify and classify diseases, symptoms, and procedures for billing and records.

Procedural Codes

Codes used in healthcare to document and bill for procedures and services provided to patients.