In Macroland,there Is $10,000,000 in Currency

question 43

Multiple Choice

In Macroland,there is $10,000,000 in currency.The public holds half of the currency and banks hold the rest as reserves.If the banks' desired reserve-deposit ratio is 10%,deposits in Macroland equal ________ and the money supply equals ________.

• A) $50,000,000;$60,000,000
• B) $55,000,000;$55,000,000
• C) $50,000,000;$55,000,000
• D) $100,000,000;$100,000,000
• E) $100,000,000;$110,000,000

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Definitions:

Codominant

Codominant refers to a genetic scenario where two different alleles of a gene are expressed equally in the phenotype of a heterozygote.

Recessive

A term for a gene that directs the development of a particular characteristic only if the corresponding gene on the other chromosome matches it—i.e., is the same allele.

Genetic Inheritance

The process by which an offspring receives genes from its parents, explaining how traits or conditions are passed from one generation to the next.

Origin of Species

The scientific explanation of how different kinds of living organisms are believed to have developed, especially as popularized by Charles Darwin's work.