Total Reserves Are

question 12

Multiple Choice

Total reserves are

• A) equal to required reserves plus excess reserves.
• B) equal to vault cash plus bank deposits at the Federal Reserve.
• C) an asset to banks.
• D) both b and c
• E) all of the above

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Definitions:

Solidified Lava

Lava that has cooled and hardened after erupting from a volcano, forming igneous rock.

Volcanic Ash

Fine particles of rock and volcanic glass created during explosive volcanic eruptions, capable of being carried long distances by the wind.

Scoria Cone

A type of volcanic cone formed from fragments of lava ejected from a single vent, typically with steep sides and a bowl-shaped crater.

Shield Volcano

A broad, gently sloping volcano built from highly fluid lava flows, often found in Hawaii and other Pacific regions.