All the Following Are True About an Affirmative Action Plan

question 26

Multiple Choice

All the following are true about an affirmative action plan EXCEPT:

• A) It aim to redress past discrimination against protected classes.
• B) It attempts to accomplish its aims through initiatives that are "color-blind."
• C) It aims to correct racial and gender imbalances in the workforce.
• D) The overall aim of affirmative action is identical to that of EEO.

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Definitions:

Interest Rates

The financial charge, calculated as a fraction of the principal, imposed by a lender on a borrower for asset use.

Monetary Multiplier

The ratio of the change in the money supply to the change in reserves, indicating the potential increase in money supply through the banking system.

Legal Reserve Ratio

The minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lend out, often set by central banks.

Reserve Requirement

A regulation that sets the minimum reserves each bank must hold to customer deposits and notes, intended to ensure bank liquidity and financial stability.