Consideration Is the Element of a Contract That

question 61

Multiple Choice

Consideration is the element of a contract that:

• A) allows it to be a gift
• B) provides the terms of acceptance
• C) gives the offeror a better deal
• D) gives the offeree a better deal
• E) none of the other choices are correct

---

Definitions:

Excess Reserves

The amount of reserves that a bank holds beyond the minimum required by regulation or central bank policy.

Decrease Deposits

A reduction in the amount of funds deposited in banks or financial institutions, often indicating a shift in savings or investment strategies.

Excess Reserves

The reserves that banks hold over and above the legal requirement set by the central bank, available to lend or invest.

Income-producing Assets

Assets that generate revenue over time, such as rental properties, stocks, or bonds.