A Virtual Organization Is an Organization That Outsources Noncore Business

question 83

True/False

A virtual organization is an organization that outsources noncore business activities to outside companies, suppliers, specialists, or consultants.

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Definitions:

Interest Rate

The price, expressed as a percentage of the principal, that a borrower must pay a lender for the use of funds.

Excess Reserves

are bank reserves held in excess of what is required by the central bank, which can be lent out to earn interest.

Money Expansion Process

The increase in the total amount of money in circulation or in the money supply, facilitated by mechanisms such as lower interest rates or quantitative easing.

Demand Deposits

Bank account balances that can be accessed and withdrawn by the depositor at any time without advance notice.