Bank a Has Checkable Deposits of $10 Million and Total

question 99

Multiple Choice

Bank A has checkable deposits of $10 million and total reserves of $1 million.The required reserve ratio is 9 percent.The bank has excess reserves of

• A) $910,000.
• B) $91,000.
• C) $100,000.
• D) $10,000.
• E) There is not enough information provided to answer this question.

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Definitions:

Rapid Eye Movement

A phase of sleep characterized by fast movements of the eyes, during which vivid dreams commonly occur; it is a critical part of the sleep cycle linked to emotional and cognitive well-being.

Sleep Spindles

Sudden bursts of oscillatory brain activity visible on an EEG that occur during stage 2 of sleep and are believed to be involved in memory consolidation and learning processes.

Nonconscious Process

A psychological process that occurs outside of conscious awareness, influencing thoughts, feelings, and behaviors without our direct knowledge.

Growing Hair

The process by which hair increases in length and volume on the body.