Starting from a Single Individual, What Is the Size of a Population

question 12

Multiple Choice

Starting from a single individual, what is the size of a population of bacteria at the end of a 2-hour time period if they reproduce by binary fission every 20 minutes? (Assume unlimited resources and no mortality.)

• A) 16
• B) 32
• C) 64
• D) 128

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Definitions:

Excess Reserves

The excess funds that a bank or financial institution maintains beyond the minimum mandated by regulatory bodies, creditors, or its own internal policies.

Money Supply

The total amount of money—cash, coins, and balances in bank accounts—in circulation within a country's economy at a specific time.

Required Reserve Ratio

The fraction of deposits that banks are required to keep on hand and not lend out, as set by the central bank.

Discount Rate

The interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility.