Which of the Following Statements Is Correct

question 8

Multiple Choice

Which of the following statements is correct?

• A) Both event manager and venue manager should conduct a risk assessment
• B) Building insurance held by the venue will cover any damages by guests
• C) Volunteers need not be considered when looking at risk, as they are not employees
• D) If the venue has an evacuation plan in place, the event manager has no further responsibility

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, including regulating banks, managing the country's money supply, and stabilizing the financial system.

Reserve Requirement

The portion of depositors' balances that banks must have on hand as cash, ensuring banks can meet withdrawal demands.

Money Supply

The total amount of monetary assets available in an economy at a specific time, influencing inflation and economic stability.

Bank Reserves

The portion of deposits that banks are required to hold either in cash in their vaults or on deposit with a central bank, as a precaution to ensure bank liquidity.