Of the Three Basic Forms of Management Compensation (Salary, Bonus

question 67

Multiple Choice

Of the three basic forms of management compensation (salary, bonus, benefits) , the fastest growing part of total compensation is:

• A) Salary.
• B) Bonus.
• C) Benefits.
• D) Salary and bonus.

---

Definitions:

Borrowers

Individuals or entities that take funds from a lender under the agreement to pay back the principal amount along with interest.

Required Reserves

The dollar amount of reserves a bank is obligated by regulation to hold as cash in the bank’s vault or on account at the Fed.

Checkable Deposits

Bank accounts on which checks can be drawn. These include checking accounts and demand deposits that allow owners to write checks against their account balances.

Excess Reserves

Funds that banks hold over and above the regulatory requirement, which can influence the bank's ability to lend and the overall money supply.