Tazian Banking Statistics The Monetary Policy of Tazi Is Controlled by the Country's

question 148

Multiple Choice

Tazian Banking Statistics
The Monetary Policy of Tazi is controlled by the country's central bank known as the Bank of Tazi. The local unit of currency is the Taz. Aggregate banking statistics show that collectively the banks of Tazi hold 300 million Tazes of required reserves, 75 million Tazes of excess reserves, have issued 7,500 million Tazes of deposits, and hold 225 million Tazes of Tazian Treasury bonds. Tazians prefer to use only demand deposits and so all currency is on deposit at the bank.
-Refer to Tazian Banking Statistics.Suppose that the Bank of Tazi changes the reserve requirement ratio to 3%.Assuming that the banks still want to hold the same percentage of excess reserves what is the value of the money supply after the change in the reserve requirement ratio?

• A)9,375 million Tazes
• B)10,000 million Tazes
• C)12,500 million Tazes
• D)None of the above is correct to the nearest million medits.

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Definitions:

Tonotopic Map

An arrangement in the auditory system where different frequencies of sound are systematically mapped to specific locations.

Cochlea

A spiral-shaped cavity of the inner ear, essential for converting sound into nerve impulses.

Primary Auditory Cortex

The region of the brain that is directly responsible for the processing of auditory information.

Music Perception

The process by which the brain interprets and makes sense of musical rhythms, melodies, and harmonies.