If the Desired Reserve Ratio Is Ten Percent, Currency in Circulation

question 150

Multiple Choice

If the desired reserve ratio is ten percent, currency in circulation is $400 billion, chequable deposits are $1000 billion, and excess reserves total $1 billion, then the currency ratio is ________.

• A) .25
• B) .50
• C) .40
• D) .05

---

Definitions:

Switching Directions

The act of changing the focus, approach, or course of action during a process or conversation.

Zoom Presentations

A method of delivering slideshows or talks over the internet using Zoom, a video conferencing tool.

3D

Referring to three dimensions (width, height, and depth), this term is often associated with images, models, or simulations that offer a perception of depth.

Linear Manner

A sequential or step-by-step approach to presenting information or solving a problem.