If a Bank Has a Required Reserve Ratio of 15

question 75

Multiple Choice

If a bank has a required reserve ratio of 15% and has required reserves of $225,000,000,how much does the bank hold in deposits?

• A) $33,750,000
• B) $210,000,000
• C) $240,000,000
• D) $1,500,000,000
• E) There is not enough information to solve this problem.

Explain how theories of attitude commitment influence consumer-brand relationships.

Discuss the strategic use of emotional appeal in advertising to influence consumer attitudes.

Understand the concept of cognitive dissonance and its implications in consumer behavior.

Recognize the applicability of balance theory in understanding consumer attitudes and behaviors.

---

Definitions:

Budget Line

A diagram that maps out all potential pairings of two goods which are affordable within a set budget, with prices being stable.

Money Income

The total earnings received by an individual or household, including wages, salaries, benefits, and investments, usually measured before taxes.

Equilibrium Combinations

Sets of prices and quantities in a market where supply and demand are balanced, leading to no excess supply or demand.

Price

The amount of money that must be paid to obtain a good or service.