A Bank Which Has Assets of $85 Billion and a Net

question 150

Multiple Choice

A bank which has assets of $85 billion and a net worth of $10 billion must have:

• A)liabilities of $75 billion.
• B)excess reserves of $10 billion.
• C)liabilities of $10 billion.
• D)excess reserves of $75 billion.

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Definitions:

Biased Sample

A sample that does not accurately represent the population from which it was drawn due to systematic exclusion or over-representation of certain groups.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.

Phallocentrism

The idea that the penis is central to identity and symbolically empowered.

Ivy League

A prestigious group of eight private universities in the northeastern United States, known for their high academic standards and significant history.