If the Reserve Ratio Is 5 Percent,then $600 of Additional

question 2

Multiple Choice

If the reserve ratio is 5 percent,then $600 of additional reserves can create up to

• A)$30 of new money.
• B)$3,000 of new money.
• C)$12,000 of new money.
• D)None of the above is correct.

---

Definitions:

Identity

Identity refers to the qualities, beliefs, personality, looks, and expressions that make a person or group distinct from others.

Foreclosure

The legal process by which a lender takes control of a property, evicts the homeowner, and sells the home after the homeowner fails to make full principal and interest payments on a mortgage.

Healthy Self-Concept

A positive assessment of oneself that includes an accurate, confident understanding and evaluation of one's abilities, appearance, and worth.

Parenting

The activities, strategies, and practices involved in raising and nurturing children from infancy to adulthood.