What Approach Would Be Best for Entrepreneurs Testing Out the Effectiveness

question 40

Multiple Choice

What approach would be best for entrepreneurs testing out the effectiveness of social media sites?

• A)engage in social media only if you have a dedicated person to update the site
• B)chose only one primary site, as social media is time consuming
• C)make use of all the sites available
• D)chose only one or two that fit with your target market

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Definitions:

Fractional Reserve Economy

An economic system where banks hold a portion of customers' deposits in reserve and lend out the remainder, thus creating money.

Required Reserve Ratio

The minimum fraction of deposits banks are required by law to keep as reserves, either in their vaults or on deposit at a central bank.

Term Auction Facility

A monetary policy tool used by the Federal Reserve to provide short-term loans to banks, aiming to improve liquidity and stability in financial markets.

Bank Insolvency

A situation where a bank's liabilities exceed its assets, making it unable to meet its obligations and continue its operations.