When You Are Asked to Solve an Arithmetic Problem or to Name

question 160

Multiple Choice

When you are asked to solve an arithmetic problem or to name the current president of the United States, you are using __________ thinking.

• A)divergent
• B)convergent
• C)intuitive
• D)transformational

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Definitions:

Required Reserves

The minimum amount of funds that banks must hold in reserve against deposits, as mandated by the central bank.

Clear

To settle or resolve a transaction, debt, or other financial activity, ensuring that all obligations have been fulfilled.

Liabilities

Financial obligations or debts owed by an individual, business, or organization to others.

Highly Liquid Assets

Assets that can be easily and quickly converted into cash without significant loss in value, such as cash itself or treasury bills.