When a Police Department Is Sued, the Court May Require

question 31

True/False

When a police department is sued, the court may require a "consent decree" allowing the department to agree to make changes in policy and to institute a system to measure and monitor those changes.

Understand the function and mechanisms of the Federal Reserve System.

Identify the composition and responsibilities of the Federal Reserve Open Market Committee (FOMC).

Recognize the importance of deposit insurance in preventing bank runs.

Comprehend the impact of the Federal Reserve’s actions in historical banking crises.

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Definitions:

Microloans

Small loans offered to people with little to no credit history or collateral, typically aimed at enabling entrepreneurship or self-employment in developing countries.

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Social Venture Capitals

Investment funds that provide capital to businesses making a positive impact on social issues, focusing on both financial returns and social outcomes.

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.