The World Bank operates primarily as a:
A. Deposit institution for nations' gold supplies
B. Coordinator for private banks in major nations
C. Lender of last resort to less developed nations
D. U.S. government agency that supervises banks worldwide
C. Lender of last resort to less developed nations
Economics
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Economics
If the required reserve ratio is 20 percent and a bank has $100,000 in checkable deposits, then its: a. required reserves are $500,000. b. required reserves are $20,000. c. assets are $500,000
d. liabilities are $500,000. e. net worth is $500,000.
Economics