Suppose You Found $10,000 Hidden Under a Rock and Deposited

question 151

Multiple Choice

Suppose you found $10,000 hidden under a rock and deposited it in a demand deposit account at your bank.If the reserve requirement was 10 percent, your deposit would add ____ to total demand deposits; the added loans that the banking system as a whole could make as a result of the deposit would generate ____ in additional demand deposits.

• A)$10,000; $100,000
• B)$10,000; $90,000
• C)$1,000; $90,000
• D)$1,000; $9,000

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Definitions:

Sincerely Motivated

Describes actions or behaviors driven by genuine intentions or beliefs, absent of deceit or falsity.

Sense of Duty

A moral or mental obligation to perform or complete a task or adhere to a code, often beyond personal interests.

Categorical Imperative

A foundational concept in Immanuel Kant's moral philosophy that demands actions be universally applicable, acting as an unconditional moral law.

Motives of Vanity

Reasons for acting based on excessive pride or admiration of one's own appearance or achievements.