The Process of Defining a More General Entity Type from a Set

question 16

Multiple Choice

The process of defining a more general entity type from a set of more specialized entity types is called:

• A) generalization.
• B) specialization.
• C) normalization.
• D) extrapolation.

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Definitions:

Actual Reserves

The total amount of funds that a bank has in its reserve account plus any cash on hand, used to satisfy central bank requirements and handle withdrawals.

Excess Reserves

Bank reserves exceeding the reserve requirements set by the central bank, available for lending.

Reserve Requirements

Rules established by central banks that specify the lowest reserve amount that banks are required to maintain against customer deposits.

Checking Accounts

Bank accounts on which the account holder can draw checks against the money deposited.