In the Moral Dilemma in Your Textbook That Involved the Druggist

question 77

Multiple Choice

In the moral dilemma in your textbook that involved the druggist and the man who could not afford the medicine for his sick wife, which of the following responses would demonstrate the postconventional level of moral development?

• A)People would think he was dishonest.
• B)The druggist may be wrong, but the law says stealing is wrong.
• C)His wife may be ill, but if he steals the drug, he may get caught.
• D)He should steal the drug but admit to it and turn himself into the police.

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Definitions:

Required Reserves

The least amount of money that a bank is required to keep on hand as a safeguard for deposits, in compliance with the rules set by central bank authorities.

Demand Deposits

Bank account funds that are available on demand without any delay or penalties, like those in checking accounts.

Excess Reserves

The reserves held by a bank in excess of the minimum reserve requirements set by central banking authorities.

Required Reserves

The minimum amount of reserves that banks are required to hold by law, as a safeguard against bank runs.