Jake Is a High School Student

question 32

Multiple Choice

Jake is a high school student. After-school conversations with friends include the use of slang words and may include telling of a "dirty joke." When Jake arrives at his grandparents' house he uses standard English and says "ma'am" and "sir" when addressing them. This ability to adjust language represents skill in_____.

• A)morphology
• B)phonology
• C)pragmatics
• D)semantics

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Definitions:

Deposit Liabilities

The amounts of money that banks owe to their depositors, stemming from the bank accounts like savings, checking, and time deposits.

Federal Reserve

The central bank of the United States, responsible for setting monetary policy, supervising and regulating banks, and ensuring the stability of the financial system.

Required Reserve Ratio

The fraction of deposits that a bank is required to hold in reserve and not lend out, as mandated by a central banking authority.

Excess Reserves

The reserves that banks hold in excess of the required minimum, often held in the central bank, which can lend them out to generate interest.