If the Required Reserve Ratio Is 10 Percent,a $100 Deposit

question 146

Multiple Choice

If the required reserve ratio is 10 percent,a $100 deposit will ultimately allow the banking system to create how much money?

• A)$100.
• B)$1,000.
• C)$90.
• D)$190.

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Definitions:

Civil War

Refers to the American Civil War, fought from 1861 to 1865, primarily over the issues of slavery and states' rights, resulting in the preservation of the Union.

Autonomy

The right or condition of self-government, or the capacity of an individual to make an informed, uncoerced decision.

Free Blacks

African Americans who were not enslaved and lived freely, especially prevalent in the United States before the Civil War.

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The act of giving a statement or evidence under oath in a legal proceeding, with the purpose of establishing the facts of a case.