Suppose a Bank Has $1,000,000 in Deposits and a Minimum

question 47

Multiple Choice

Suppose a bank has $1,000,000 in deposits and a minimum reserve requirement of 20 percent.Then required reserves are:

• A) $1,000,000
• B) $880,000
• C) $200,000
• D) $1,200,000

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Definitions:

Residence Pattern

the system by which a society structures where people live, often based on kinship, marital, or cultural norms.

Husband's Mother's Brother

An individual's uncle by marriage on their spouse's side, often playing specific roles in kinship and family structures in various cultures.

Avunculocal

A residence pattern in which a married couple lives with or near the husband's mother's brother (the husband's maternal uncle).

Extended Families

Family groups that extend beyond the nuclear family, including relatives such as grandparents, aunts, uncles, and cousins, often living close by or within the same household.