If a Bank Has a Required Reserve Ratio of 15

question 86

Multiple Choice

If a bank has a required reserve ratio of 15% and has required reserves of $225 million,how much does the bank hold in deposits?

• A) $33.75 million
• B) $210 million
• C) $240 million
• D) $1.5 billion
• E) There is not enough information to solve this problem.

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Definitions:

Functionalism

A theory in psychology that emphasizes the importance of how mental and behavioral processes function to enable individuals and species to adapt to their environments.

Human Mind

The totality of conscious and unconscious mental processes and activities in a human being.

Behaviorists

Behaviorists focus on the study of observable and measurable behaviors, emphasizing the role of environmental factors in shaping behavior.

Environment Influence

The impact that surroundings, including physical, social, and cultural environments, have on living organisms and their development.