Which of the Following Statements Is True

question 74

Multiple Choice

Which of the following statements is true ?

• A)The simple money multiplier equals the reciprocal of the required reserve ratio.
• B)Required reserves is the minimum balance that the Fed requires a bank to hold in vault cash or on deposit with the Fed.
• C)The discount rate is the interest rate charged banks for loans from the Fed.
• D)Excess reserves equal total reserves minus required reserves.
• E)All of these.

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Definitions:

Health Care Benefits

Various types of medical care provisions offered to employees as part of their compensation package.

Traditional Health Insurance

A type of health insurance that typically involves paying a premium, meeting a deductible, and then paying a percentage of service costs, with many services having a co-pay.

PPOs

Preferred Provider Organizations; a type of health insurance plan that offers members a discount on healthcare services if they use providers in the plan’s network.

Older Workers Benefit Protection Act

A U.S. federal law that provides older workers with protection against age discrimination in benefits and employment practices.