Individual Banks Always Respond Quickly and Significantly to Changes in the Discount

question 10

True/False

Individual banks always respond quickly and significantly to changes in the discount rate.

---

Definitions:

Digital Immigrant

A term used to describe individuals who were not born into the digital age but have adopted and learned digital technologies later in life.

Negligence Per Se

A legal doctrine where an action is considered negligent because it violates a statute or regulation designed to protect the public.

Strict Liability

A legal principle that holds a party responsible for damages or losses, regardless of fault or intent.

Unexcused Violation

A breach of rules or laws where the offender has no justifiable reason or excuse for their actions.