All of the Following Statements About Banks in Zimbabwe in 2009

question 81

Multiple Choice

All of the following statements about banks in Zimbabwe in 2009 are true except

• A) Political instability increased the risk of bank failures.
• B) Banks were paying 100,000 percent interest on deposits.
• C) Few people deposited their money into Zimbabwe banks.
• D) The risk of losing deposits at Zimbabwe banks, even if they failed, was low because of deposit insurance. The risk of deposits losing their value at Zimbabwe banks was very high because the inflation rate was 230 million percent, much higher than the 100,000 percent interest.

Understand the rights and legal mechanisms available to employees in cases of constructive dismissal.

Grasp the legal principles and protections related to employment standards, mediation, and trade union activities.

Understand the hierarchy of needs as outlined by Abraham Maslow, including the pinnacle need of self-actualization.

Recognize the influence of personal and societal motives, including the desire for achievement and the avoidance of failure, on behavior.

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Definitions:

Oral Agreement

A contract formed through spoken communication rather than in written form, yet legally binding in many cases.

Delivery Service

A business or system that transports goods or packages from one location to another, ensuring they reach recipients.

Enforceable

Refers to a legal agreement or obligation that can be legally imposed or upheld by a court.

Enforceable

Capable of being imposed or carried out by legal process or by force if necessary, referring to laws, rules, agreements, or orders.