"The Institutional Means by Which Scarce Resources Are Used to Satisfy

question 6

Multiple Choice

"The institutional means by which scarce resources are used to satisfy human wants" is the definition of

• A)a system of property rights.
• B)an economic system.
• C)a social system.
• D)an educational system.

---

Definitions:

Cable Shield

A conductive layer, usually made of metal, that envelops a cable to protect its signal from interference.

Government Securities

Government Securities are financial instruments issued by the government to borrow money from investors, such as Treasury bonds, bills, and notes.

Bank Assets

Bank assets are resources owned by a bank, including loans, securities, and cash, which generate income.

Federal Funds Rate

The interest rate at which depository institutions lend reserve balances to other depository institutions overnight, a central tool used by the Federal Reserve in monetary policy.