The Fraction of Deposits That Banks Are Required to Keep

question 363

Multiple Choice

The fraction of deposits that banks are required to keep is known as the

• A) discount rate.
• B) required reserve ratio.
• C) deposit multiplier.
• D) money multiplier.

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Definitions:

Contributory Benefits

Benefits, typically related to pension or insurance, that require contributions from both the employee and the employer.

Indirect Pay System

A compensation approach that includes non-wage benefits provided to employees, such as health insurance, retirement plans, and paid time off.

Employee Performance

The record of outcomes and behaviors exhibited by an employee in fulfilling their job responsibilities, often assessed against predefined objectives or criteria.

Plan Design

The creation and structuring of a specific plan, such as a benefits plan or a research plan, detailing its components and objectives.