Which of the Following Statements Is FALSE? Class Actions

question 7

Multiple Choice

Which of the following statements is FALSE? Class actions

• A)allow persons who could not otherwise afford it access to justice
• B)decrease the total cost of complex litigation
• C)indirectly encourage large corporations to be more careful about issues of safety and product quality
• D)are easily certified but rarely settle out of court
• E)often result in the law firm for the plaintiff making large amounts of money

Understand the conditions under which groups might perform better or worse than individuals.

Comprehend the role of humor and relaxation in unlocking creative energies.

Recognize various personal and managerial styles for processing information and making decisions.

Understand the concept and impact of decision traps and how to avoid them.

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Definitions:

Excess Reserves

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

Actual Reserves

The total reserves held by a bank, consisting of both required reserves and any excess reserves not needed to meet central bank requirements.

Discount Rate

The Discount Rate is the interest rate set by central banks at which financial institutions can borrow reserves, influencing monetary policy and the money supply.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulation of banks, and providing financial services to depository institutions.