In Rule Utilitarianism,a Person Makes Ethical Decisions That Benefit the Maximum

question 6

True/False

In rule utilitarianism,a person makes ethical decisions that benefit the maximum number of people and is not so concerned about laws.

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Definitions:

Excess Reserves

Excess reserves are the capital reserves held by a bank or financial institution in excess of what is required by regulators, central bank, or other financial authority.

Opportunity Cost

Missing out on potential opportunities from different choices when opting for a single alternative.

Holding Money

The act of keeping money in cash or in very liquid assets to facilitate transactions or as a precaution against uncertainties.

Interest Rate

The percentage charged on borrowed money or paid to savers, representing the cost of borrowing or the return on savings.