Refer to the information provided in Table 10.5 below to answer the questions that follow.
Table 10.5 
-Refer to Table 10.5. The required reserve ratio is 10%. If the Bloomington Bank is meeting its reserve requirement and has no excess reserves, its reserves equal
Definitions:
Authority
The legitimate or socially accepted use of power, often conferred by a position in a hierarchical structure.
Functionalist View
A sociological perspective that interprets each part of society in terms of how it contributes to the stability and functioning of the whole society.
Conflict Theory
A sociological perspective that views social life as a competition, focusing on the distribution of resources, power, and inequality.
Socialization
The process by which individuals learn and internalize the values, beliefs, and norms of their society or social group.
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