Often the Principle of Beneficence Permits Us to Help or Benefit

question 9

True/False

Often the principle of beneficence permits us to help or benefit those with whom we have special relationships, without thereby obliging us to help or benefit those with whom we have no such relationship.

---

Definitions:

Reserve Requirement

A central bank regulation that sets the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lend out.

Deposits

Funds placed into an account at a banking institution for safekeeping and possible interest accrual.

Reserves

Reserves refer to funds or other assets that banks or financial institutions hold to meet unexpected demands or regulatory requirements.

Required Reserve Ratio

A regulation set by central banks determining the minimum amount of reserves that banks must hold against deposits, affecting money supply.