If Bank a Has Excess Reserves of $1 Million and All

question 36

Multiple Choice

If Bank A has excess reserves of $1 million and all other banks in the system do not have any excess reserves, then the amount of additional loans that can be made by the banking system will be:

• A) $1 million also
• B) A fraction of $1 million
• C) A multiple of $1 million
• D) $1 million times the required-reserve ratio

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Definitions:

Primary and Secondary Socialization

Primary socialization refers to the process where individuals learn the values, behaviors, and social norms through their early interactions within the family. Secondary socialization occurs later in life when individuals learn appropriate behavior within smaller sections of the larger society, like schools and workplaces.

Mead

Refers to George Herbert Mead, an American sociologist and philosopher who made significant contributions to the development of symbolic interactionism.

Socialize Gender Roles

The process of teaching individuals the societal expectations and behaviors considered appropriate for their gender.

Socialization

The process by which individuals learn and assimilate the norms, values, behaviors, and social skills appropriate to their society.