Is True

question 56

Multiple Choice

is true?

• A)The NARB does not have the power to issue cease-and-desist orders.
• B)If an advertiser refuses to comply with the NARB decision,the matter can be referred to the appropriate government agency.
• C)Very few cases actually go before the NARB panel.
• D)Most advertisers abide by the decisions of the NARB.
• E)All of the above statements about the NARB are true.

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Definitions:

Required Reserve Ratio

The percentage of deposits that banks are legally required to keep on hand as reserves, not loaned out.

Excess Reserves

Excess reserves are the capital reserves held by banks beyond the required minimum, often placed with central banks, earning interest.

Money Supply

The total amount of monetary assets available in an economy at a specific time, which includes cash, coins, and balances held in checking and savings accounts.

Time Deposits

Time deposits are bank deposits with a fixed term or maturity date, where the depositor agrees not to withdraw the funds until that date, typically earning a higher rate of interest.