In a Society, the Unwritten Rules of Conduct That State

question 77

Multiple Choice

In a society, the unwritten rules of conduct that state how people should act in particular situations in that society are known as

• A)values.
• B)norms.
• C)rituals.
• D)goals.

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Definitions:

Discount Rates

Discount rates refer to the interest rate charged to commercial banks and other financial institutions for loans received from the central bank's discount window.

Federal Funds Rate

The interest rate banks and other depository institutions charge one another on overnight loans made out of their excess reserves.

Borrowed Reserves

Funds that commercial banks borrow from the central bank to meet reserve requirements, often indicative of a tight monetary policy.

Fed

The Federal Reserve System, which is the central bank of the United States responsible for monetary policy.