What Ethical Standard Is Being Violated When You Tell a Friend

question 87

Multiple Choice

What ethical standard is being violated when you tell a friend that the company you work for is going to report lower than expected earnings next week?

• A)Credibility
• B)Integrity
• C)Confidentiality
• D)Competence

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Definitions:

Required Reserves

The fraction of deposits that banks are obligated to hold in reserve and not lend out, as mandated by the central bank.

Reserve Requirement

The fraction of deposits that banks are required to hold in reserve and not lend out, which is used by central banks as a tool to control the money supply.

Deposits

Funds placed into an account at a banking institution for safekeeping and potential interest accrual.

Reserve Ratio

The reserve ratio is the fraction of deposits that a bank is required to hold in reserve and not lend out, set by the central bank to control the money supply.