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The Manager of the Bank Where You Work Tells You

question 136

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The manager of the bank where you work tells you that your bank has $10 million in excess reserves. She also tells you that the bank has $400 million in deposits and $355 million dollars in loans. Given this information you find that the reserve requirement must be


Definitions:

Overlearning

involves practicing newly acquired skills beyond the point of initial mastery, leading to better performance and retention.

Method of Loci

A mnemonic technique that involves associating items to be remembered with specific physical locations.

Massed Practice

Massed Practice is a learning method where a skill or knowledge is practiced continuously without breaks, often leading to quick learning but poor retention over time.

Consolidation

The process by which memories become stable in the brain; involves strengthening of the neural network that represents the memory.

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