Last Week, the Local Citizens for a Greener America Sent

question 212

Multiple Choice

Last week, the Local Citizens for a Greener America sent a formal document to Chipper's Golf Resort asking the private club to measure its carbon footprint and publicly disclose the amount of fertilizer and other carbon-emitting substances that it uses on its two award-winning golf courses. LCGA is an example of ___________.

• A) an employee organization that has emerged at the resort.
• B) a watchdog group.
• C) a disgruntled nonprofit organization that has a beef against golfers.
• D) a public interest group that is demonstrating social responsibility.

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Definitions:

Fed

Short for the Federal Reserve, the central banking system of the United States, which regulates the U.S. monetary and financial system.

Open Market

An economic system with no barriers to free market activities, where securities, goods, and services can be traded openly.

Excess Reserves

The amount of reserves that a bank holds beyond the minimum required by regulation or central bank policy, which can be loaned out to generate profit.

Federal Reserve

The Federal Reserve, often referred to as the Fed, is the central banking system of the United States, responsible for setting monetary policy, regulating banks, maintaining financial stability, and providing banking services to government institutions.