Scenario 10.2 Imagine That Kristy Deposits $10,000 of Currency into Her Chequing

question 71

Multiple Choice

Scenario 10.2
Imagine that Kristy deposits $10,000 of currency into her chequing account deposit at Bank A and that the desired reserve ratio is 20%.
-Refer to Scenario 10.2.As a result of Kristy's deposit, Bank A's reserves immediately increase by

• A)$2,000.
• B)$8,000.
• C)$10,000.
• D)$40,000.
• E)$50,000.

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Definitions:

Adult

An individual who has reached a specific age, usually 18 or 21, when they are legally recognized as independent and responsible for their actions.

Peer

Refers to individuals of similar age, status, or interest, often influencing each other's behavior or development.

Reasoning Level

The capacity or ability of an individual to engage in logical thinking and problem-solving.

Kohlberg's Stages

A theory proposed by Lawrence Kohlberg, outlining the stages of moral development individuals typically go through.