Larry recorded the following donations this year: $650 cash to a family in need $2,550 to a church $650 cash to a political campaign To the Salvation Army household items that originally cost $1,350 but are worth $450. What is Larry's maximum allowable charitable contribution if his AGI is $61,500? (Do not worry about the AGI limitation.)

a. $2,900
b. $1,000
c. $2,700
d. $4,600
e. None of these

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.