Answer the Question on the Basis of the Following Consolidated

question 16

Multiple Choice

Answer the question on the basis of the following consolidated balance sheet for the commercial banking system.Assume the required reserve ratio is 10 percent.All figures are in billions. $\begin{array}{c}\begin{array}{lll}\quad\quad\quad\underline{\text { Assets}}\\\text { Reserves}\\\text { Securities}\\\text { Loans}\\\text { Property} \end{array}\begin{array}{l}\\\$30\\130 \\70\\200\end{array}\begin{array}{lll}\quad\quad \underline{\text { Liabilities \& Net Worth }}\\\text { Checkable Deposits}\\\text { Stock Shares}\\\\\\\end{array}\begin{array}{lll}\\\$300\\130\\\\\\\end{array}\end{array}$
Refer to the data.After a deposit of $10 billion of new currency into a checking account in the banking system,excess reserves will increase by:

• A) $0 billion.
• B) $7 billion.
• C) $9 billion.
• D) $10 billion.

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Definitions:

Filium Terminale

The filum terminale is a slender filament of connective tissue that extends from the tip of the spinal cord to the coccyx, anchoring the spinal cord in place.

Conus Medullaris

The tapered, lower end of the spinal cord, located around the first lumbar vertebra, marking the transition from the spinal cord to the cauda equina.

Cervical Enlargement

A widening in the upper part of the spinal cord that supplies nerves to the shoulders, arms, and hands.

Interneuron

A type of neuron that communicates between sensory neurons and motor neurons, playing critical roles in reflexes and neuronal circuits.