Reserves Are a Bank ________ Consisting of ________

question 12

Multiple Choice

Reserves are a bank ________ consisting of ________.

• A) asset; vault cash plus bank deposits with the central bank
• B) asset; chequing account deposits and savings account balances
• C) liability; vault cash plus bank deposits with the Federal Reserve
• D) liability; chequing account deposits and savings account balances

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Definitions:

Prototype Model

A model emphasizing that when people evaluate whether a given item reflects a certain concept, they compare the item with the most typical item(s) in that category and look for a “family resemblance” with that item’s properties.

Availability Heuristic

A prediction about the probability of an event based on the ease of recalling or imagining similar events.

Sternberg's Triarchic

A theory of intelligence that proposes three fundamental aspects: analytical, creative, and practical intelligence.

Gardner's Theory

A theory of multiple intelligences proposed by Howard Gardner, suggesting that individuals have eight or more relatively autonomous intelligences.