Bank a Has Checkable Deposits of $800,000 and Total Reserves

question 91

Multiple Choice

Bank A has checkable deposits of $800,000 and total reserves of $200,000.If the required reserve ratio is 0.15,the bank has required reserves of

• A) $600,000.
• B) $120,000.
• C) $90,000.
• D) $30,000.

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Definitions:

Older

Pertaining to a later stage or time, often used in the context of age or experience.

Male

Referring to the sex that produces small, mobile gametes (sperm) in many species, typically associated with XY chromosomes in humans.

Hereditary

Relating to the transmission of traits from parents to offspring through genes.

Slow-Wave Sleep

A stage of sleep characterized by slow brain waves called delta waves, associated with deep sleep and physical rejuvenation.