A Bank Has $770 Million in Checkable Deposits

question 11

Multiple Choice

A bank has $770 million in checkable deposits. The bank has $85 million in reserves. The bank's required reserves are _____________ and its excess reserves are _____________.

• A) $85 million; $0
• B) $770 million; $85 million
• C) $89 million; $21 million
• D) $685 million; $8.5 million
• E) $77 million; $8 million Required = 10% (770); Excess = 85 - 10% (770)

---

Definitions:

Precise Dose

An accurately measured amount of a medication or substance to ensure optimal therapeutic effect with minimal side effects.

mL

A shortened form for milliliters, a unit of volume in the metric system used to measure liquids.

Intramuscular Injections

A method of administering medication deep into the muscles, allowing for faster absorption than subcutaneous injections.

mg

Abbreviation for milligram, a unit of mass equal to one thousandth of a gram, often used in medication dosages.