All of the Following Are Benefits of Record Matching EXCEPT

question 54

Multiple Choice

All of the following are benefits of record matching EXCEPT:

• A)easier to establish reputations in getting credit for consumers.
• B)allows systems like the U.S. National Crime Information Center to function.
• C)easier to use credit cards around the world.
• D)data is more secure.

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Definitions:

Banking System

The network of banks and financial institutions that provide financial services to consumers, businesses, and other banks.

Reserve Ratio

The fraction of deposits that a bank must hold in reserve and not lend out, as required by monetary authorities.

Reserve Ratio

The fraction of depositors' balances that banks must have on hand as cash, a requirement determined by the central bank.

Money Multiplier

The mechanism by which the base money supply is expanded through the banking system's ability to lend and create deposits.