Who, Due to a Disappointing Experience While Traveling with Family

question 51

Short Answer

Who, due to a disappointing experience while traveling with family, developed the worlds largest lodging enterprise?
• Bill Marriott
• Howard Johnson
• Kemmons Wilson
• Caesar Ritz

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Definitions:

Reserve Requirements

Regulations set by central banks determining the minimum amount of reserves that banks must hold against deposits, used to control the money supply.

Lender of Last Resort

An institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are deemed at risk of failure.

Financial Institutions

Financial Institutions are organizations such as banks, credit unions, and insurance companies that provide a wide range of financial services including deposits, loans, investments, and currency exchange.

Federal Funds Rate

The borrowing cost at which financial institutions lend and borrow federal funds (reserves at Federal Reserve Banks) from each other overnight.