A Relatively Permanent Committee Charged with Performing Some Recurring Task

question 41

Multiple Choice

A relatively permanent committee charged with performing some recurring task is called a(n)

• A) cluster structure.
• B) ad hoc committee.
• C) informal group.
• D) task force.
• E) standing committee.

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Definitions:

Goldsmiths' Safes

traditionally were used by goldsmiths in medieval times to store gold and valuable items, marking an early form of banking.

Financial Institutions

are establishments that provide financial services to its clients or members, including banks, credit unions, insurance companies, and investment firms.

Reserve

Assets held back or saved for future use or to meet unforeseen needs, often referring to banks' reserves of cash.

Demand Deposits

Money in bank accounts that can be withdrawn "on demand" without any advance notice.