Suppose You Deposit $1,000 in Your Checking Account

question 56

Multiple Choice

Suppose you deposit $1,000 in your checking account. If the reserve ratio is 10 percent, how much of your deposit can the bank loan out?

• A) $0.
• B) $100.
• C) $900.
• D) $1,000.

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Definitions:

Ethnicity

A category of people who identify with each other based on shared attributes such as cultural heritage, language, history, ancestry, or nationality.

Gender Roles

Society's prescribed behaviors, roles, activities, and traits deemed acceptable for individuals based on their gender.

Social Factors

Aspects of society that influence individuals' lives, including family, education, economic status, and cultural norms.

Biological Factors

Refers to the physiological, genetic, and neurochemical elements that significantly influence an individual's behavior and attributes.