If a bank has $10 million of deposits, a required reserve ratio of 10 percent, and $2 million in reserves, then it does not have enough reserves to support a deposit outflow of
A) $1.2 million.
B) $1.1 million.
C) $1 million.
D) either A or B of the above.
A
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Many international firms are increasing their efforts to market their products and services to countries such as India and China as the ranks of their middle class continue to increase.
Answer the following statement true (T) or false (F)
Which of the following is not a use of CAATs in auditing?
A. Fraud examination B. Produce terms and conditions of employment C. Analytical review procedures D. Test of details of transactions and balances
The variable description is:
A) a phrase or sentence that identifies the variable in more detail and refers to the item on the questionnaire B) a phrase or sentence that identifies the variable in more detail but does not refer to the item on the questionnaire C) a label for the possible responses that respond to each data code number D) a label for the data code numbers E) encrypted for privacy reasons
Information provided by industry services is useful for which of the following?
A) sales management decisions such as defining territories and setting quotas B) advertising decisions such as allocating advertising budgets C) segmenting the market and designing custom products and services for important segments D) all of the above