Two Technicians Are Discussing OnStar

question 16

Multiple Choice

Two technicians are discussing OnStar. Technician A says that OnStar is standard on many newer GM vehicles. Technician B says that OnStar can monitor air bag deployment and notify emergency authorities. Who is correct?

• A) A only
• B) B only
• C) Both A and B
• D) Neither A nor B

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Definitions:

Required Reserve Ratio

The percentage of deposits that banks must hold in reserve and not lend out to ensure liquidity.

Transfer Payments

Financial distributions by the government to individuals without any expectation of a good or service being provided in return.

Government Securities

Financial instruments issued by a government to borrow money from investors with a promise to pay back with interest.

Recessionary Gap

A situation in macroeconomics where the actual output of an economy is less than its potential output, leading to unemployment and underutilized resources.