Considering State Chartered Banks

question 6

Multiple Choice

Considering state chartered banks:

• A) most elect to join the Federal Reserve System.
• B) those with assets exceeding $100 million must join the Federal Reserve System.
• C) most elect not to join the system.
• D) only those that join the system must abide by reserve requirements.

---

Definitions:

Marginal Utility

The extra pleasure or benefit derived from consuming an additional unit of a product or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.

Marginal Utility

The additional satisfaction or advantage a consumer experiences from consuming one more unit of a product or service.

Maximizing Utility

Maximizing Utility refers to the economic goal of consumers to gain the highest level of satisfaction from their consumption choices, within their budget constraints.