If Bank of Mateer Has a Required Reserve Ratio of 40

question 61

Multiple Choice

If Bank of Mateer has a required reserve ratio of 40% and there is $100,000 in deposits,what is the amount of required reserves?

• A) $100,000
• B) $15,000
• C) $40,000
• D) $60,000
• E) $0

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Definitions:

Information Processing

A cognitive approach that likens the mind to a computer, emphasizing how information is taken in, stored, and retrieved by the brain.

Pheromones

Biologically produced odorants that convey information to other members of the species.

Smell-Based Communication

A form of communication that occurs through the detection and interpretation of olfactory signals, common among animals to convey information.

Sex Hormones

Sex hormones are chemicals produced by the body that regulate the development and functioning of reproductive organs and secondary sexual characteristics.