Before Going on a Business Trip, Gina Leaves the Key

question 63

Multiple Choice

Before going on a business trip, Gina leaves the key to her apartment with Henri. She checks her suitcase at the airport, and boards the plane. A bailment is created when Gina

• A)delivers the key to Henri.
• B)checks her suitcase.
• C)boards the plane.
• D)all of the choices.

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Definitions:

Lend Reserves

The practice by financial institutions of providing loans out of their reserves, often influencing the money supply in the economy.

Money Supply

All monetary resources that are accessible in an economy at a particular timeframe, including but not limited to cash, coins, and the deposits in checking and savings accounts.

U.S. Government Securities

Financial instruments issued by the U.S. Department of the Treasury, including bonds, notes, and bills, used to fund federal government activities.

Excess Reserves

Funds held by banks over and above the legally mandated reserve requirement.