Norms Are Informally Agreed-Upon Standards That Regulate Team Behavior

question 6

True/False

Norms are informally agreed-upon standards that regulate team behavior. They are valuable because they let team members know what is expected of them.

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Definitions:

Legal Reserve Requirements

Legal reserve requirements are regulations set by a central bank that determine the minimum amount of reserves that must be held by a financial institution.

Depository Institutions

Depository Institutions are financial entities such as banks and savings associations that accept deposits from individuals and provide loans.

Thrift Institutions

Savings and loan associations, mutual savings banks, and credit unions, primarily engaged in accepting savings deposits and making mortgage and other loans.

Government Securities

Financial instruments issued by the government to finance its expenditures, promising to pay back with interest.