The Federal Reserve Act

question 110

Multiple Choice

The Federal Reserve Act

• A) created a new type of paper currency.
• B) helped to reduce loans to private banks.
• C) was designed to push troubled banks out of business.
• D) was regulated by a board whose members were elected by Congress.
• E) created sixteen regional banks.

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Definitions:

Customer's Point

The perspective or standpoints of a customer on a particular issue, product, or experience, reflecting their needs, preferences, or expectations.

Assumptive Close

A sales technique in which the salesperson assumes that the customer has already decided to purchase and moves forward with steps to complete the sale.

Prospect

A qualified person or organization that has the potential to buy a salesperson’s good or service.

Alternative-Choice Close

A sales technique where the salesperson presents multiple options to the prospect, assuming a sale in any case rather than asking for a yes or no answer.