Henry Trudeau Deposits $2,000 in Currency in the First Street

question 32

Multiple Choice

Henry Trudeau deposits $2,000 in currency in the First Street Bank.Later that same day Jane Harris negotiates a loan for $5,400 at the same bank.This loan alone will:

• A)increase the supply of money by $2,100.
• B)increase the supply of money by $3,300.
• C)increase the supply of money by $5,400.
• D)decrease the supply of money by $3,300.

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Definitions:

Categorical Proposition

A logical statement that relates two categories or classes in terms of inclusion, exclusion, or partial inclusion.

Universal

In logic, a universal statement is one that asserts something about every member of a particular category.

Negative Premise

A statement in an argument that denies a certain condition or asserts the absence of something.

Affirmative Conclusion

A conclusion that positively asserts the relationship between the subject and the predicate, rather than negating it.