Green bank has transaction accounts worth $200 million. If the required reserve ratio is 10%, Green bank holds _____ as required reserves.

A. $220 million
B. $180 million
C. $60 million
D. $20 million


Answer: D

Business

You might also like to view...

According to the lifestyle dichotomy of the Myers-Briggs Type Indicator, individuals with a ________ preference enjoy surprises and dislike deadlines.

A. Judging (J) B. Sensing (S) C. Feeling (F) D. Perceiving (P) E. Thinking (T)

Business

________ are all marketing activities that affect the consumer decision process.

A. Culture, society, and technology B. Value proposition, technology, and culture C. Marketing communications, technology, and culture D. Value proposition, distribution, and marketing communications E. Distribution, technology, and culture

Business

Madison Company issued an interest-bearing note payable with a face value of $10,200 and a stated interest rate of 8% to Metropolitan Bank on August 1, Year 1. The note carried a one-year term.Based on this information alone, what is the amount of total liabilities appearing on Madison's balance sheet as of December 31, Year 1?

A. $10,676 B. $10,200 C. $11,016 D. $10,540

Business

The term autocorrelation refers to:

a. the analyzed data refers to itself b. the sample is related too closely to the population c. the data are in a loop (values repeat themselves) d. time series variables are usually related to their own past values

Business