Which of the Following Is True Regarding Utilitarian Beliefs

question 5

Multiple Choice

Which of the following is true regarding utilitarian beliefs?

• A) Utilitarians wish to maximize happiness not simply immediately, but in the long run as well.
• B) Utilitarians contend that we can determine with certainty what the future consequences of our present actions will be.
• C) When choosing among possible actions, utilitarianism requires us to disregard our own happiness.
• D) For the hedonistic utilitarian, knowledge, friendship, and aesthetic satisfaction are inherently good.

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Definitions:

Reserve Ratio

The portion of depositors' balances that banks must have on hand as cash, set by central banking authorities to ensure liquidity and stability in the banking system.

Additional Reserves

The excess funds that banks hold over the required minimum to meet reserve requirements set by a central bank.

Money

An economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy.

Reserve Requirement

The minimum amount of reserves that banks must hold, either in their vaults or with the central bank, as a proportion of deposits.