The Term Hassles Refers to

question 7

Multiple Choice

The term hassles refers to

• A) minor annoyances in our daily lives.
• B) the necessity to interact with persons we dislike in order to obtain our goals.
• C) minor health problems that cause a person to miss at least one day at work.
• D) personal limitations that make it impossible for someone to pursue a desired goal.

---

Definitions:

Fractional Reserves

A banking system in which banks hold a fraction of their depositors' funds in reserve, lending out the remainder to earn interest.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen, representing the benefits an individual, investor, or business misses out on when choosing one option over another.

Fiat Money

Currency that a government has declared to be legal tender, despite it lacking intrinsic value and not being backed by physical commodities.

Legal Tender

Government-issued currency that, by law, must be accepted as a form of payment within the country.