Sally Writes a $10,000 Check to Harry Who Deposits It

question 187

Multiple Choice

Sally writes a $10,000 check to Harry who deposits it in the same bank.

• A)Both deposits and reserves of depository institutions increase.
• B)Both deposits and reserves of depository institutions remain unchanged.
• C)Reserves at depository institutions increase,but deposits remain the same.
• D)Both deposits and reserves at depository institutions decrease.
• E)Reserves at depository institutions decrease,but deposits remain the same.

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Definitions:

Economic Goal

Objectives or desired outcomes that an economy or individual aims to achieve, often related to growth, stability, and sustainability.

Cultural Goal

The shared objectives or ideals that are valued and pursued by a society or cultural group.

Intelligence Goal

An objective related to the acquisition, improvement, or demonstration of intellectual abilities and knowledge.

Authoritative

A parenting style characterized by high expectations of maturity, clear guidelines and rules, warmth, and responsiveness to children’s needs.