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26 Nov 2019

The amount of reserves that a commercial bank is required to hold is equal to:

 

  1. The amount of its checkable deposits.

  2. The sum of its checkable deposits and time deposits.

  3. Its checkable deposits multiplied by the reserve requirement.

  4. Its checkable deposits divided by its total assets.

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Bunny Greenfelder
Bunny GreenfelderLv2
26 Nov 2019
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Related textbook solutions

Introductory Statistics
OER Edition, 2013
Openstax
ISBN: 9781938168208

Related questions

 When a check is drawn and cleared, the

A. Reserves and deposits of both the bank against which the check is cleared and the bank receiving the check are unchanged by this transaction.

B. Bank against which the check is cleared loses reserves and deposits equal to the amount of the check.

C. Bank receiving the check loses reserves and deposits equal to the amount of the check.

D. Bank against which the check is cleared acquires reserves and deposits equal to the amount of the check.

A bank may lend an amount equal to its:

  1. Required reserves

  2. Total reserves

  3. Total assets

  4. Excess reserves

Determine whether the given value is a statistic or a parameter.

a.) The mean salary for construction workers is .

b.) In a study of all students at a college it is found that own a vehicle.

c.) A homeowner measured the voltage supplied to his home on days of a given week, the average (mean) value is .

d.) A particular country has total states. If the areas of states are added and the sum is divided by , the result is  .

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