Use the Following to Answer Questions

question 176

Multiple Choice

Use the following to answer questions :
Scenario: Holding Cash
Suppose that the public holds 50% of the money supply in currency and the reserve requirement is 20%. Banks hold no excess reserves. A customer deposits $6,000 in her checkable deposit.
-(Scenario: Holding Cash) Look at the scenario Holding Cash. As a result of the deposit, required reserves will increase by:

• A)$0.
• B)$1,200.
• C)$3,000.
• D)$6,000.

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Definitions:

Cognitive Perspective

A psychological viewpoint that focuses on how people think, understand, and know about the world, emphasizing the importance of mental processes in understanding behavior.

Sociocultural Perspective

A psychological approach that emphasizes the influence of societal and cultural factors on individual behavior and mental processes.

Psychodynamic Perspective

A psychological approach that emphasizes the systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.

Cognitive Perspective

An approach in psychology that emphasizes the importance of mental processes in how people perceive, remember, think, and solve problems.