Please Match the Description with Type of Need the Appropriate

question 4

Multiple Choice

Please match the description with type of need the appropriate.
-Defined by professionals and experts rather than by members of the community

• A) Normative
• B) Felt
• C) Expressed
• D) Comparative

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Definitions:

Money Multiplier

The amount of money the banking system generates with each dollar of reserves.

Reserve Ratio

The fraction of deposits that banks hold as reserves.

Debit Card

A payment card that deducts money directly from a consumer’s checking account to pay for a purchase, unlike credit cards that borrow funds that need to be repaid.

Credit Card

A payment card issued to users as a method of payment allowing the cardholder to pay for goods and services based on the holder's promise to pay for them later.