Which of the Following Is a True Statement

question 163

Multiple Choice

Which of the following is a true statement?

• A)excess reserves = actual reserves - required reserves
• B)excess reserves = deposits - required reserves
• C)excess reserves = deposits - loans
• D)excess reserves = loans - required reserves

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Definitions:

NAACP

The National Association for the Advancement of Colored People, a civil rights organization founded in 1909 to fight for justice for African Americans.

Magazine

A publication, usually periodic, that contains articles, stories, photographs, and advertisements, often targeting a specific audience or interest group.

Guinn V. United States

A landmark Supreme Court case in 1915 that declared certain grandfather clause exemptions to literacy tests for voting rights unconstitutional, impacting African American voters.

Grandfather Clauses

Legal provisions allowing those who could vote before the Civil War, and their descendants, to bypass literacy tests and other voting barriers, effectively disenfranchising Black voters.