The Conventional System Typically Uses _____ to Show the Lesser

question 41

Multiple Choice

The conventional system typically uses _____ to show the lesser headings in a report.

• A) Roman numerals
• B) whole numbers
• C) Arabic numbers
• D) rational numbers
• E) irrational numbers

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Definitions:

Excessive Reserves

Funds held by banks over and above the legal reserve requirement, not required but possibly maintained for additional safety or for other purposes.

Required Reserves

Required Reserves are the portion of depositors' balances that banks must have on hand as cash, according to central bank regulations.

Actual Reserves

The physical quantity of a resource or commodity that is known to be available and extractable under current conditions.

Reserve Requirement

The minimum amount of reserves that banks are required to hold by law, set by the central bank to control money supply.