If Banks Hold No Excess Reserves, Checkable Deposits Total $1

question 80

Multiple Choice

If banks hold no excess reserves, checkable deposits total $1.5 billion, currency totals $400 million, and the required reserve ratio is 10%, then the monetary base equals

• A)$550 million.
• B)$1.54 billion.
• C)$1.9 billion
• D)$15 billion.

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Definitions:

Kinsey Survey

A series of studies conducted by Alfred Kinsey and his team which explored human sexual behavior, profoundly influencing social and scientific views on sexuality.

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Modern methods of collecting data or opinions from populations on current issues.

Intrinsic Motivation

The drive to engage in an activity for its inherent satisfaction or enjoyment, rather than external rewards or pressures.

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A form of motivation driven by external rewards such as money, fame, grades, and praise.