A University Places a Fraternity on Probation Because Some of Its

question 35

Multiple Choice

A university places a fraternity on probation because some of its members served alcoholic drinks to minors. The university in this case was using:

• A) informal sanctions.
• B) formal sanctions.
• C) an internal means of social control.
• D) a moral judgment to make its decision.
• E) prejudice against social groups.

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Definitions:

Excess Reserves

Funds that banks hold over and above the required minimum reserves set by the central bank, available for lending or investment.

United States Bonds

United States Bonds are debt securities issued by the U.S. Department of the Treasury to finance government spending as an alternative to taxation.

Money Supply

The complete sum of money available within an economy at a designated time frame.

Federal Reserve Bank of New York

One of the 12 Federal Reserve Banks in the United States, playing a key role in monetary policy, financial supervision, and economic research.