Table 16-3 -Refer to Table 16-3

question 66

Multiple Choice

Table 16-3
$$\begin{array} { | c | c | } \hline \text { Assets } & \text { Liabilities } \\\hline \text { Reserves } \quad \$ 7,000 & \begin{array} { c } \text { Deposits } \\+ \$ 50,000\end{array} \\\hline \text { Loans } & \text { Net Worth } \\+ \$ 46,000 & + \$ 3,000 \\\hline\end{array}$$
-Refer to Table 16-3.Consider the following simplified balance sheet for a bank: If the required reserve ratio is 10 percent,the bank can make a maximum loan of

• A)$2,000.
• B)$5,000.
• C)$6,300.
• D)$45,000.

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Definitions:

Shared Leadership

A leadership approach where roles and responsibilities are distributed among members of a group or team, emphasizing collaboration.

Team Environments

Workplaces or situations where individuals work collaboratively in groups or teams towards common goals or projects.

Internal Customers

Employees or departments within an organization that receive services or products from other parts of the organization, treating them as if they are external customers.

Informing

The act of sharing information or knowledge with others through various means to educate or update them on specific topics or events.