Assume that a bank holds 3 million dollars in vault cash, 9 million dollars on deposit with the federal reserve, and 2 million dollars in required reserves. what is the level of excess reserves?

The amount or the level of excess reserves is $11 million

Explanation:

The formula to compute the excess reserve level is as:

Excess reserve = Deposit with Federal Reserve (Legal Reserve) + Required reserve

where

Deposit with Federal Reserve is 9 million dollars

Required reserve is 2 million dollars

Putting the Values above:

Excess Reserve = $9 million + $2 million

= $11 million

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; (c) communism and socialism;