An Important Effect of Fractional Reserve Banking Is That Bankers

question 79

Multiple Choice

An important effect of fractional reserve banking is that bankers have

• A)little control over total reserves.
• B)total control over the amount of lending in the economy.
• C)no control over the amount of reserves in the banking system.
• D)some discretion over the money supply.

Understand the causes and consequences of key conflicts and treaties in the 18th century.

Analyze the ideologies and political theories relevant to the 18th century, including mercantilism and the concept of balance of power.

Identify the roles and viewpoints of significant individuals and groups during the 18th century.

Examine the impact of European conflicts and policies on global territories and populations.

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Definitions:

Altruistic Behavior

Actions intended to benefit others without expectation of reward.

Personally Responsible

Being accountable for one's actions or duties, recognizing one's role in the outcomes of those actions.

Uncertain

A state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Door-In-The-Face

A persuasive technique where a large, unreasonable request is made first, followed by a smaller, more reasonable one, which is the target request.