Which of the Following Best Describes the Primary Purpose of Tort

question 27

Multiple Choice

Which of the following best describes the primary purpose of tort law?

• A) To punish wrongdoers
• B) To compensate victims of wrongful conduct
• C) To ensure that contractual promises are kept
• D) To prevent crime
• E) To force people to do good, e.g., rescue those in trouble

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Definitions:

Reserve Requirements

Central bank regulations that set the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lend or invest.

Checking Accounts

Bank accounts that allow for easy access to funds through checks, debit cards, and electronic transfers, used for daily transactions.

Open Market Operations

Central bank activities involving buying and selling government securities in the marketplace to influence the money supply and interest rates.

Money Supply

The all-inclusive measure of monetary resources present in an economy at a specific juncture.