The Manager of the Bank Where You Work Tells You

question 120

Multiple Choice

The manager of the bank where you work tells you that the bank has $300 million in deposits and $255 million dollars in loans.If the reserve requirement is 8.5 percent,how much is the bank holding in excess reserves?

• A)$15 million
• B)$19.5 million
• C)$25.5 million
• D)$0 million

---

Definitions:

Calculus

is a branch of mathematics that focuses on rates of change (differential calculus) and accumulation of quantities (integral calculus), using methods to solve problems involving these concepts.

Trust

Trust is the confidence or belief in the reliability, truth, ability, or strength of someone or something.

Psychological Contract

The unwritten, implicit agreement between an employee and employer outlining mutual expectations, including job responsibilities and benefits.

Self-Directed Teams

Groups in which members work collaboratively on tasks with little to no supervision, often leading and managing themselves.