Answer the question on the basis of the following table for a commercial bank or thrift: Refer to row 2 in the table.The number appropriate for space X is:
A) $20,000.
B) $60,000.
C) $200,000.
D) $100,000.

Question

Answer the question on the basis of the following table for a commercial bank or thrift:  Refer to row 2 in the table.The number appropriate for space X is:
A) $20,000. 
B) $60,000. 
C) $200,000. 
D) $100,000.

Quizplus · Accepted Answer

The appropriate number for space X is the amount of reserves required for Average Transaction Balances between $6 and $14 million. According to row 2, this amount is $100,000.

Answer the Question on the Basis of the Following Table