Find the First Term, the Common Difference, and Give a Recursive

question 77

Multiple Choice

Find the first term, the common difference, and give a recursive formula for the arithmetic sequence.
-9th term is 74; 13th term is 114

• A) a1 = -6, d = 10, a_n = a_n- 1 - 10
• B) a1 = -16, d = 10, a_n = a_n- 1 + 10
• C) a1 = -16, d = 10, a_n = a_n- 1 - 10
• D) a1 = -6, d = 10, a_n = a_n- 1 + 10

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Definitions:

Excess Reserves

The capital reserves held by a bank or financial institution in excess of what is required by regulators, creditors or internal controls.

Private Individuals

Persons or entities that are not part of the government or public sector, typically referring to ordinary citizens or privately owned entities.

Money Supply

The aggregate quantity of monetary assets within an economy at a determined point in time.

Required Reserve Ratio

The fraction of deposits that banks are obligated to hold in reserve, either in their vaults or at the central bank, and not loan out.