This Brick Made of 24 Caret Gold Has Been Sliced

question 201

Multiple Choice

This brick made of 24 caret gold has been sliced into 50 pieces. Therefore, each of the pieces must be 24 caret gold.

• A) Composition.
• B) False cause.
• C) Division.
• D) Suppressed evidence.
• E) No fallacy.

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Definitions:

Demand Deposits

Bank accounts from which deposited funds can be withdrawn at any time without any notice to the institution, typically through writing checks.

Excess Reserves

The reserves held by banks in excess of what is required by regulations, which can be loaned out to generate additional income.

Required Reserves

The portion of depositors' balances that banks must have on hand as cash or as deposits with the central bank, mandated by the regulatory body.

Total Reserves

The sum of a bank's deposits at the central bank and the cash in its vault available for immediate withdrawal.