The Required Reserve Ratio Is the Ratio of Reserves to Required

question 231

Multiple Choice

The required reserve ratio is the ratio of reserves to required by banking regulations.

• A) profits
• B) loans
• C) deposits
• D) cash

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Definitions:

Right-to-work Laws

Legislation that prohibits union security agreements, thus ensuring that the decision to join or support a labor union is voluntary.

Compulsory Union Membership

A situation where employees are required to join a union as a condition of their employment.

Agency Shop Agreement

An arrangement whereby employees must pay union dues but aren’t required to join the union.

Nonunion Workers

Employees who are not members of a labor union and typically do not have the collective bargaining support that unionized workers receive.