If Joe Deposits $2,000 in His Bank and the Desired

question 52

Multiple Choice

If Joe deposits $2,000 in his bank and the desired reserve ratio is 10 percent, what is the amount of new loans that the bank can make?

• A) $2,000
• B) $200
• C) $1,800
• D) $1,900
• E) $2,200

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Definitions:

Impartial

Free from bias, prejudice, or favoritism; fair and just in consideration or judgment.

Six Pillars of Character

A framework consisting of trustworthiness, respect, responsibility, fairness, caring, and citizenship, aimed at fostering strong ethical principles.

Ethical Decisions

are choices made based on moral principles and values that determine the rightfulness or wrongness of an action.

Core Ethical Values

Fundamental beliefs that guide behaviors and decision-making processes by setting standards of what is good or bad.