Holding money to meet unplanned expenditures and emergencies is known as

The primary goal of a business firm is to

A) promote fairness. B) make a quality product. C) promote workforce job satisfaction. D) maximize profit. E) increase its production.

In August 2007, Sun Trust Bank has $83 million in loans and $114 million in M1 deposits. If Sun Trust is holding $4 million in reserves, the bank's reserve ratio is

A) $31 million. B) 4.8 percent C) 3.5 percent. D) 72.8 percent.