Suppose George Withdraws $60,000 from His Bank

question 82

Multiple Choice

Suppose George withdraws $60,000 from his bank. If the reserve ratio is 25 percent, then this transaction will lead to a decrease of ________ in checking account balances.

• A) $15,000
• B) $45,000
• C) $90,000
• D) $180,000

Understand the concept of corporate social responsibility and its dimensions.

Identify the differences between legal compliance and voluntary commitments in business ethics.

Recognize the role of corporate governance in ethical corporate management.

Discriminate between different stakeholders and their roles within corporate social responsibility.

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Definitions:

Intermediate Plate

A component used between two parts of a machine to provide spacing, support, or a mounting surface, often found in transmissions or engine assemblies.

Pot Type Flywheel Housing

A specific design of flywheel housing that encapsulates the flywheel in a deep cavity, often encountered in large industrial or marine diesel engines.

Clutch Hangs-Up

A condition where the clutch fails to disengage properly, often due to mechanical issues, causing difficulty in changing gears.

Clutch Brake

A component in manual transmission systems, used to stop or slow down the transmission input shaft for easier shifting into first gear or reverse from a standstill.