A Bank Which Must Hold 100 Percent Reserves Opens in an Economy

question 25

Multiple Choice

A bank which must hold 100 percent reserves opens in an economy that had no banks and a currency of $150. If customers deposit $50 into the bank, what is the value of the money supply?

• A)$50
• B)$100
• C)$150
• D)$200

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Definitions:

Glass Ceiling

A metaphor for the invisible barrier that prevents certain individuals, often women and minorities, from rising to the upper rungs of the corporate ladder, regardless of their qualifications or achievements.

Horizontal Segregation

The division of jobs or occupations into gendered categories, leading to men and women working in different types of jobs.

Occupational Segregation

The division of work based on gender, ethnicity, or other factors, leading to a concentration of a group within certain sectors or occupations and often contributing to wage disparities.

Gender Pay Gap

The average difference in pay between men and women, often reflecting disparities in employment opportunities, job level, or discrimination.