A Bank That Has $10,000 in Excess Reserves Can Extend

question 163

Multiple Choice

A bank that has $10,000 in excess reserves can extend new loans up to a maximum of

• A) $1,000.
• B) $9,000.
• C) $10,000.
• D) $100,000.

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Definitions:

Double-Consciousness

W. E. B. DuBois’s term for the divided identity experienced by blacks in the United States.

Du Bois

W.E.B. Du Bois, an American sociologist, historian, and civil rights activist known for his significant contributions to the study of African-American culture and history.

Black

Refers to a color in the visible spectrum, often symbolizing depth, mystery, or the absence of color; in socio-cultural contexts, it can denote racial or ethnic identity.

American

Pertaining to the United States of America, its people, culture, or characteristics.