Currently,the Currency-Deposit Ratio Is 0

question 37

Multiple Choice

Currently,the currency-deposit ratio is 0.3 and the reserve-deposit ratio is 0.2.The Bank of Canada raises the reserve-deposit ratio to 0.25,as a response to a change in the public's currency-deposit ratio,to maintain the old money multiplier.What is the public's approximate new currency-deposit ratio?

• A)0.22
• B)0.25
• C)0.33
• D)0.35

---

Definitions:

Older Adult

An individual in the later stage of life, typically regarded as being 65 years of age or older, focusing on aspects of aging and societal roles.

Alzheimer's Disease

A progressive neurological disorder characterized by memory loss, cognitive decline, and personality changes.

PET Scan

A PET scan, or Positron Emission Tomography scan, is an imaging test that helps reveal how your tissues and organs are functioning, commonly used in cancer diagnosis, heart, and brain health assessments.

Exclusion

The act of not including or considering something or someone as part of a group or activity.