Sociologists Define Status as __________

question 47

Multiple Choice

Sociologists define status as __________.

• A) the prestige accorded to individuals and to important social or economic roles
• B) the views of individuals who have important social or economic roles
• C) a classification system that dominates the upper levels of society
• D) the right to lay claim to special rewards

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Definitions:

Required Reserve Ratio

The fraction of deposits that a bank is mandated by regulations to hold in reserve and not loan out.

Excess Reserves

The amount of reserves that a bank holds beyond the required minimum, which can be loaned out to generate earnings.

Open Market Operations

A monetary policy tool used by central banks to control the money supply by buying or selling government securities in the open market.

Reserve Requirement Ratio

The fraction of deposits which a bank is mandated to hold in reserve, either in its own vaults or with the central bank, rather than lending to consumers.