________ Refers to a System of Moral Principles That Human

question 39

Multiple Choice

________ refers to a system of moral principles that human beings use to judge right and wrong and to develop rules of conduct.

• A)Religion
• B)Ethics
• C)Creativity
• D)Theology

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Definitions:

GDP Gap

The difference between the actual GDP and the potential GDP of an economy, indicating under-utilization or over-utilization of resources.

Government Bonds

Financial securities issued by a government to finance its budget deficits and various public sector projects.

Discount Rate

The interest rate charged by central banks for short-term loans to commercial banks, influencing monetary policy and economy liquidity.

Required Reserve Ratio

The fraction of deposits that a bank is legally required to hold as reserves, either in its own vaults or with a central bank.