Which One of the Following Examples Best Illustrates the Use

question 117

Multiple Choice

Which one of the following examples best illustrates the use of a personal theory as a child learns the concept spider?

• A)Julian assumes that spiders must give birth to baby spiders, just as people give birth to baby people.
• B)Ian learns that spiders have eight legs, whereas insects have only six.
• C)Ruby learns that spiders, along with scorpions and ticks, are members of the arachnid class.
• D)Dana remembers what happened when her cousin was bitten by a black widow spider.

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Definitions:

Required Reserve Ratio

The fraction of deposits that banks are required by law to keep on hand as reserves, either in their vaults or at a central bank.

Create Money

The process by which the money supply of a country is increased, typically by the central bank issuing currency or through the banking system's lending activities.

Real Estate

Pertains to land and any permanent structures or improvements attached to it, such as buildings, houses, and other property types.

Federal Funds Market

A market for overnight lending and borrowing of reserves among banks; the interbank market for reserves on account at the Fed.