If a Group Such as the American Association of Retired

question 101

Multiple Choice

If a group such as the American Association of Retired Persons (AARP) issued ratings of members of Congress, a rating of zero​ means that a member

• A)voted against the group on every issue.
• B)voted with the group on every issue.
• C)did not vote on issues affecting the group.
• D)did not sponsor any legislation affecting the group.
• E)sits on no committees affecting the group.

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Definitions:

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by central banking authorities, to ensure bank liquidity.

Actual Reserves

The physical amount of a commodity or cash held as reserves in a financial institution or by an organization.

Monetary Policy

Measures undertaken by a government's central bank to regulate the economy's money supply and interest rates to achieve macroeconomic objectives like controlling inflation, consumption, growth, and liquidity.

President

The head of state and government in a republic, often elected to lead the executive branch and uphold the laws and constitution of the nation.