For Many Individuals Their Primary Means of Fulfilling Their Need

question 30

Multiple Choice

For many individuals their primary means of fulfilling their need for affiliation is ________.

• A)off-the-job interactions
• B)vacations
• C)breaks
• D)on-the-job interactions
• E)lunch breaks

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Definitions:

First Bankers

This refers to individuals or institutions that were among the earliest to engage in banking activities, such as accepting deposits and making loans.

Goldsmiths

Historically, craftsmen who made objects out of gold, but in financial history, they are known for keeping gold deposits and issuing paper bank notes redeemable for gold.

Medium Of Exchange

An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods and services between parties.

Reserve Ratio

The portion of depositors' balances that banks must have on hand as cash, a regulatory requirement meant to ensure bank stability and liquidity.