The Term Fractional Reserves Refers to

question 44

Multiple Choice

The term fractional reserves refers to

• A)The fact that reserves are split among many banks.
• B)Reserves being a small fraction of total transactions account balances.
• C)The ratio of required reserves to total loans.
• D)The ratio of excess reserves to total loans.

Understand the principles and applications of operant conditioning, including reinforcement and punishment.

Differentiate between types of reinforcement schedules and their effects on behavior.

Recognize the role of discriminative stimuli in shaping behavior and its implications across different contexts.

Comprehend the importance of immediate vs. delayed reinforcement in learning and behavior modification.

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Definitions:

Opportunity Cost

The value of the best alternative foregone when a decision is made to choose one option over others.

Soybeans

A leguminous plant from East Asia, extensively cultivated for its consumable beans that serve in a multitude of edible goods and as a source for oil.

Alfalfa

A perennial flowering plant widely cultivated as fodder for livestock due to its high nutrient content.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choice.