The Term Ethics Refers To

question 16

Multiple Choice

The term ethics refers to:

• A) moral principles or values.
• B) legal responsibility.
• C) the need for confidentiality.
• D) professional liability.

---

Definitions:

Value of Money

The purchasing power of money, which can be influenced by factors like inflation and the supply of money in an economy.

Price Level

The current generalized average price of the economy's goods and services.

Money Market

A sector of the financial market where participants borrow and lend short-term, high-quality debt securities.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, currency, and certain types of bank deposits.