-Refer to the Above Information for a Single Chartered Bank

question 144

Multiple Choice

-Refer to the above information for a single chartered bank.When the desired reserve ratio is 30 percent,the money multiplier is:

• A) 5.
• B) 4.
• C) 3.33.
• D) 2.5.

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Definitions:

Legitimate Power

The degree to which a person has the right to ask others to do things that are considered within the scope of their authority.

Silverback Gorilla

A mature, male gorilla, known for its distinct silver-colored hair on its back, signifying leadership and strength in a gorilla group.

Family Hierarchy

The structured order of authority and responsibility within a family, often based on age, gender, or social roles.

Coercive Power

The ability to control others through the fear of punishment or threat, often used in organizational or leadership contexts.