Choose Four Basic Skills Useful to Group Leaders and Briefly

question 56

Essay

Choose four basic skills useful to group leaders and briefly describe how you might use each to your advantage when leading a group of interest to you.​

Identify the legislative acts related to poverty and their effects on the welfare system.

Analyze the role of government programs like Medicare and Medicaid in addressing poverty.

Evaluate the distribution of income and poverty rates over time.

Understand the factors contributing to the formation and continuation of poor black ghettos.

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Definitions:

Reserve Banking

A banking system in which banks hold a fraction of their deposits in reserve, while lending out the remainder to generate profits.

Federal Funds Rate

The interest rate at which banks and credit unions lend reserve balances to other depository institutions overnight, on an uncollateralized basis.

Reserve Requirement

A regulatory mandate on banks to hold a certain percentage of their deposits in reserve either in their vaults or at the central bank.

Excess Reserves

The capital reserves held by a bank or financial institution in excess of what is required by regulators, creditors, or internal controls.