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:

Self-Judgments

Evaluations or assessments that individuals make about themselves, their abilities, and their qualities.

Extraversion

A personality trait marked by sociability, liveliness, and an energetic approach towards the external world.

Accurate Judgment

The ability to make predictions or assessments that are close to the actual facts or outcomes, often discussed in the context of social and personality psychology.

Tantrum

An emotional outburst, usually associated with children, that is typically characterized by stubbornness, crying, screaming, defiance, or anger.