Which of the Following Elements Was NOT Included in the Urey-Miller

question 84

Multiple Choice

Which of the following elements was NOT included in the Urey-Miller experiments?

• A) oxygen
• B) methane
• C) ammonia
• D) water vapor
• E) electrical sparks

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Definitions:

Money Multiplier

A concept that describes the amount of money that banks can generate with each dollar of reserves.

Percent

A mathematical term describing one hundredth of a particular quantity; a unit of proportion or rate expressed as a fraction of 100.

Reserves

Funds or assets that banks must hold either in their own vaults or on deposit with a central bank, to meet expected withdrawal demands or regulatory requirements.

Reserve Requirement

A regulation that sets the minimum fraction of customer deposits and notes that each bank must hold as reserves, rather than loaning out or investing.