The Table Below Shows the Data (In Millions) for Wells

question 13

Multiple Choice

The table below shows the data (in millions) for Wells Fargo Bank in September 2017 and September 2018. Suppose that the desired reserve ratio is 3 percent. The data show that

• A) the currency drain ratio increased.
• B) the Federal Reserve must have increased the required reserve ratio.
• C) Wells Fargo had unplanned reserves and could create money in 2017.
• D) Wells Fargo was only able to make more loans in 2018 because it gained more deposits.

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Definitions:

North American Population

The total number of people residing in North America, encompassing countries like Canada, the United States, and Mexico.

Living

Living refers to the state of being alive, characterized by growth, reproduction, and the capacity for functional activity and continuous change preceding death.

Peripheral Nations

Countries that are less developed economically and are often exploited or marginalized within the global economy.

Semi-Industrialized Nations

These are countries that have moved beyond a primarily agrarian economy and have begun to industrialize, though not to the extent of developed nations.