If Excess Reserves Are $10 Million,(total)reserves Are $14 Million,and the Required

question 16

Multiple Choice

If excess reserves are $10 million,(total) reserves are $14 million,and the required reserve ratio is 10%,then required reserves equal ________________ and checkable deposits equal ____________________.

• A) $4 million; $40 million
• B) $40 million; $4 million
• C) $24 million; $240 million
• D) $7 million; $70 million

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Definitions:

Contemporary Psychologists

Psychologists who are currently active or whose theories and research are considered relevant and influential in modern psychology.

Linguistic Relativism

The idea that language has an influence on the way we think.

Language Influence

The impact that language has on thought, perception, and behavior, including how it can shape our worldview and cultural identity.

Bilingual People

Individuals who are proficient in using two languages, capable of communication and understanding in both.