The Manager of the Bank Where You Work Tells You

question 117

Multiple Choice

The manager of the bank where you work tells you that your bank has $6 million in excess reserves. She also tells you that the bank has $800 million in deposits and $738 million in loans. Given this information you find that the reserve requirement must be

• A)7.8 percent.
• B)0.8 percent.
• C)10.8 percent.
• D)7.0 percent.

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Definitions:

Critical Period

Specific time when a given event or its absence has a specific impact on development.

Chromosomal Malformations

Genetic defects or abnormalities in the structure or number of chromosomes, which can result in developmental and health issues.

Mental Retardation

An outdated and now considered offensive term for intellectual disability, which is characterized by significant limitations in intellectual functioning and adaptive behavior.

Radiation

The emission of energy as electromagnetic waves or as moving subatomic particles, especially high-energy particles which can cause ionization.