The Table Below Shows the Data (In Millions)for Wells Fargo

question 499

Multiple Choice

The table below shows the data (in millions) for Wells Fargo Bank in September 2007 and September 2008. Suppose that the required reserve ratio is 3 percent.

The data show that

• A) the currency drain ratio increased.
• B) the Federal Reserve must have increased the required reserve ratio.
• C) Wells Fargo had excess reserves and could create money in 2007.
• D) Wells Fargo was only able to make more loans in 2008 because it gained more deposits.

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Definitions:

Incomplete Repression

A psychological phenomenon where an individual is only partially successful in keeping disturbing thoughts, feelings, or desires out of conscious awareness.

Slips of the Tongue

Inadvertent errors in speech where the speaker says something different from what they intended, often revealing subconscious thoughts or feelings.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Fixation

In psychology, an obsessive focus or attachment to a person, situation, or stage of development.