The Type of Banking System Under Which Banks Are Required

question 37

Multiple Choice

The type of banking system under which banks are required to hold only a portion of their assets in reserve against the checking deposits of their customers is called

• A) a gold-backed banking system.
• B) a full reserve banking system.
• C) a fiat banking system.
• D) a fractional reserve banking system.

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Definitions:

Administering Influenza

The process of giving a vaccine or other treatments to prevent or manage influenza (flu) infections.

Giving Pain Medication

The act of administering analgesics to alleviate pain, often a critical component in the management of patients' comfort and recovery process.

Providing Oral Care

The practice of maintaining cleanliness and health of the mouth and teeth, particularly important in healthcare settings to prevent infection.

Utilitarianism

Ethic that proposes that the value of something is determined by its usefulness. The greatest good for the greatest number of people constitutes the guiding principle for action in a utilitarian model of ethics.