Use the Following to Answer Questions

question 195

Multiple Choice

Use the following to answer questions :
Scenario: Money Supply Changes II
Charlotte withdraws $8,000 from her checkable bank deposit to pay tuition this semester. Assume that the reserve requirement is 20% and that banks do not hold excess reserves.
-(Scenario: Money Supply Changes II) Look at the scenario Money Supply Changes II. By how much will the money supply contract as a result of the withdrawal?

• A)$40,000
• B)$0
• C)$8,000
• D)$32,000

Recognize an individual's freedom in bequeathing their property.

Identify the reasons for creating a trust and its advantages over wills.

Distinguish between different types of life insurance policies and their benefits.

Understand the concept of convergent and divergent evolution and identify examples of each.

---

Definitions:

Alcoholic Beverages

Beverages containing ethanol, commonly known as alcohol, which are consumed for recreational and cultural reasons.

Daily Calories

The amount of energy, measured in calories, that a person needs to consume each day to maintain their body's functions.

Somatoform Disorder

A mental disorder characterized by physical symptoms that have no apparent physical cause, reflecting psychological rather than physical origins.

Stomach Ulcer

A sore that develops on the lining of the stomach, upper small intestine, or esophagus, often caused by infection with H. pylori or prolonged use of nonsteroidal anti-inflammatory drugs.