All of the Following Statements About Energy Are True EXCEPT

question 23

Multiple Choice

All of the following statements about energy are true EXCEPT:

• A) Thermal energy may be defined as light energy
• B) Chemical to thermal energy conversion occurs when gasoline is burned
• C) Mechanical energy is defined as the ability to do work
• D) Mechanical to electrical energy conversion occurs when the engine drives the alternator

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Definitions:

Monetary Policy Tool

Mechanisms used by central banks to manage the money supply and interest rates in order to influence economic activity and inflation.

Open Market Operations

Central bank activities involving the buying and selling of government securities in the open market to control the supply of money and interest rates.

Excess Reserves

The funds that banks hold over and above the required reserve ratio set by a central banking authority.

Liabilities

Financial obligations or debts owed by an individual, company, or entity to other parties.