Abdul, a Manager at Chrysum Corp

question 29

Multiple Choice

Abdul, a manager at Chrysum Corp., was assigned the task of overseeing the operations in a foreign office for a week. Before leaving the country, Abdul recorded a message on his phone to inform callers that he was away from home and would return their calls when he returned. In this scenario, the technology used by Abdul is an example of:

• A)instant messaging.
• B)weblogging.
• C) cellphone communication.
• D) voice mail communication.

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Definitions:

Excess Reserves

Funds held by banks over and above the legally mandated reserve requirement.

Required Reserves

The minimum amount of funds that a bank is required by regulation to hold in reserve against deposits made by customers.

Total Reserves

The amount of funds that a bank or financial institution has in its vault or with the central bank, available to meet any withdrawal or payment demands.

Debit Cards

Payment cards that deduct money directly from a consumer's checking account to pay for a purchase.