If the Required Reserve Ratio Is 10 Percent,currency in Circulation

question 198

Multiple Choice

If the required reserve ratio is 10 percent,currency in circulation is $400 billion,checkable deposits are $800 billion,and excess reserves total $0.8 billion,then the currency ratio is

• A) 0.25.
• B) 0.50.
• C) 0.40.
• D) 0.05.

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Definitions:

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Fundamental personality characteristics that are relatively stable over time and across situations, influencing individual behavior.

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The cultural environment in which a person was raised or identifies with, encompassing heritage, tradition, language, and customs.

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