Community Bank Jeffrey Is the Training Manager for the Community Bank in Bank

question 131

Multiple Choice

Community Bank
Jeffrey is the training manager for the Community Bank in Maryland. Jeffrey has developed a training program for all new employees that emphasizes understanding the basics of money. Jeffrey and the bank's management believe that if the employees understand the basics of money, they can utilize the information in their own personal finances as well as guide and answer questions from bank customers.
The bank recently hired Laila. She was hired at a high-level position because she brought with her extensive bank management experience. Laila's responsibilities included making sure that the reserve requirement would always be met and keeping track of the interest rate that the Federal Reserve System charged for loans to member banks.
-Refer to Community Bank. In giving examples to new employees, Jeffrey has indicated that when customers put their money in a bank, some are looking to retain and accumulate wealth. This refers to which of the following functions of money?

• A) Money as a measure of value
• B) Money as a portable exchange
• C) Money as a store of value
• D) Money as a medium of exchange
• E) Money as a clearinghouse

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Definitions:

Loop of Henle

A section of the nephron in the kidney that is responsible for concentrating urine and conserving water.

Cotransported

Referring to the simultaneous transportation of two or more molecules across a cell membrane, usually by a specific carrier protein.

Hydrogen Ions

Positively charged ions (H+) that contribute to acidity or alkalinity of a solution.

Proximal Convoluted Tubule

The portion of the nephron in the kidney responsible for the reabsorption of water, ions, and other substances from the filtered blood.