Multiple Choice
The Hora National Bank has just received notice that a large depositor with the bank wants to close its account immediately.Which type of factor affecting legal reserves is this for the bank?
A) A controllable factor increasing legal reserves
B) A noncontrollable factor increasing legal reserves
C) A controllable factor decreasing legal reserves
D) A noncontrollable factor decreasing legal reserves
E) None of the options is correct
Correct Answer:

Verified
Correct Answer:
Verified
Q47: A bank is required to maintain an
Q48: Robberies of cash from banks have declined
Q49: According to the textbook,banks making heavy use
Q50: _ are the deposits and other borrowings
Q51: Liquid assets generally have a stable price
Q53: _ is a 14 day period stretching
Q54: A(n)_ is a service developed by banks
Q55: The Shirley State Bank has $90 million
Q56: One of the problems with liquidity management
Q57: A bank or financial service institution can