If a Bank Has $6,000 in Checkable Deposits and the Required

question 57

Multiple Choice

If a bank has $6,000 in checkable deposits and the required reserve ratio is 0.2,then the bank can lend:

• A)$4,000.
• B)$16,000.
• C)no more than $4,800.
• D)no less than $3,000.
• E)$1,000.

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Definitions:

Biological Parents

The parents who contribute their genetic material to the offspring through reproduction.

Heritability

The degree to which genetic differences among individuals contribute to their differences in behavior or traits.

Genetic Differences

Variations in the DNA sequences among individuals that contribute to biological diversity.

Variations

Differences or deviations from the norm within any given population.