Which of the Following Is NOT Part of the Triple

question 10

Multiple Choice

Which of the following is NOT part of the triple bottom line?

• A) profit
• B) planet
• C) progress
• D) people

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Definitions:

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by monetary authorities.

Excess Reserves

The reserves that banks hold over and above the legally mandated minimum to meet withdrawal demands.

Federal Reserve Open Market Committee

The branch of the Federal Reserve System responsible for influencing money supply and credit conditions through the trading of government securities.

Board of Governors

The executive leadership of the Federal Reserve System, responsible for the formulation of monetary policies in the United States.