Fact Pattern 28-1 (Questions 15-16 Apply)

question 23

Multiple Choice

Fact Pattern 28-1 (Questions 15-16 apply)
Lita replaces Manny in his job at Neighborly Business Corporation (NBC) .
-Refer to Fact Pattern 28-1.To succeed with an age-discrimination claim against CBC,Manny will have to show that

• A)Lita is not qualified for Manny's job.
• B)Manny is qualified for his job.
• C)NBC's qualifications for Manny's job are too high.
• D)no one could do Manny's job as well as he could.

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Definitions:

Required Reserves

The minimum amount of reserves that a bank must hold as mandated by the central bank or regulatory authority, usually a percentage of the bank's deposit liabilities.

Excess Reserves

Funds held by banks over and above the legally mandated reserve requirement, which can be lent out to generate additional income or held as a safeguard against potential withdrawals.

Bank A

A generic term used to denote a financial institution licensed to receive deposits, offer loans, and provide other financial services to its customers.

Inflationary GDP Gap

The excess amount by which the actual gross domestic product (GDP) exceeds the potential GDP, leading to inflation.