Suppose a Goldsmith (Banker)received an Additional Number of Gold Coins

question 233

Multiple Choice

Suppose a goldsmith (banker) received an additional number of gold coins to put in his safe and had stopped making loans.What would be happening to his reserve ratio?

• A)It would be rising.
• B)It would be falling.
• C)It would stay the same.
• D)There is not enough information to answer this question.

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Definitions:

Principle Of Randomness

The concept that outcomes or events cannot be predicted with certainty due to the random nature of certain processes, often used in scientific research and statistical analysis.

Polling

The process of conducting surveys to collect public opinion or predict the outcome of an election.

Fourteenth Amendment

An amendment to the U.S. Constitution that grants citizenship to all persons born or naturalized in the United States, including former slaves, and guarantees all citizens "equal protection of the laws."

Civil Rights

The rights of individuals to receive equal treatment (and to be free from unfair treatment or discrimination) in a number of settings – including education, employment, housing, and more – based on certain legally-protected characteristics.