Perform the Indicated Operation $$\frac { 1 } { 6 } + \frac { 7 } { 10 }$$

question 3

Multiple Choice

Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
- $$\frac { 1 } { 6 } + \frac { 7 } { 10 }$$

• A) \(\frac { 1 } { 15 }\)
• B) \(\frac { 13 } { 15 }\)
• C) \(\frac { 1 } { 2 }\)
• D) \(\frac { 13 } { 2 }\)

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Definitions:

Excess Reserves

The reserves held by banks over and above the legally mandated minimum to meet potential withdrawals by customers.

Banking System

The network of institutions that accept deposits, provide loans, and offer various financial services to businesses and individuals.

Money Supply

Money Supply refers to the total amount of money available in an economy, including cash, coins, and balances held in checking and savings accounts.

Board of Governors

A group typically in charge of overseeing the management and operations of an organization or institution, such as the Federal Reserve in the United States.