Which of the statements about"fractional reserve" banking are correct? I. Fractional reserve banking relies on not everyone withdrawingtheir money at the same time.
II. Fractional reserve banking allows banks to create money throughthe lending process.
III. Fractional reserve banking does not allow banks to hold excessreserves.
IV. Fractional reserve banking allows banks to create additionalwealth by lending some reserves.

a. II and III only
b. I and II only
c. I, II, and IV only
d. I, II, III, and IV

Item 1 which question could the expression 1000n answer? let n = the number of gallons of gas used. how many miles per gallon did the car get driving 1000 miles? let n = the number of grams of food needed for each dog. how many grams of food are needed to feed 1000 dogs? let n = the number of people at the show. how many empty seats were there at the show if there are 1000 seats at the theater? let n = the number of seats at the theater. how many empty seats will there by if 1000 people come to the show?