A Total of 920 Tickets Were Sold for a Game

question 80

Multiple Choice

A total of 920 tickets were sold for a game for a total of $3,880. If adult tickets sold for $5.00 and children's tickets sold for $4.00, how many of each kind of ticket were sold?

• A) 400 adult and 520 children's tickets
• B) 300 adult and 620 children's tickets
• C) 250 adult and 670 children's tickets
• D) 200 adult and 720 children's tickets
• E) 210 adult and 710 children's tickets

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Definitions:

Loans

Funds borrowed that are expected to be paid back with interest.

Required Reserves

The fraction of deposits that banks are obligated to hold in reserve and not lend out, as mandated by the central bank.

Reserve Requirement

The fraction of deposits that banks are required to hold in reserve and not lend out, which is used by central banks as a tool to control the money supply.

Deposits

Funds placed into an account at a banking institution for safekeeping and potential interest accrual.