A Pilot Test ______

question 28

Multiple Choice

A pilot test ______.

• A)is a small-scale study conducted to assess the feasibility of a product or service
• B)is a study restricted to the field of aviation
• C)is a the launch of a single, "solo" product
• D)is a prototype of a product

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Definitions:

Checkable Deposits

Bank account balances that can be accessed using checks, debit cards, or electronic transfers and are very liquid.

Required Reserve Ratio

The fraction of deposits that banks are mandated by regulation to hold in reserve and not lend out.

Excess Reserves

The banks' reserves over and above the required minimum that they choose to hold rather than loan out.

Depositors

People or organizations that deposit their funds into a bank to secure them and gain interest as time passes.