Whereas ________ Focuses on Differences Among People from Different Countries

question 55

Multiple Choice

Whereas ________ focuses on differences among people from different countries, ________ addresses differences among people within given countries.

• A) workforce diversity; globalization
• B) globalization; workforce diversity
• C) culture; diversity
• D) culturalization; workforce diversity
• E) psychology; social psychology

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Definitions:

Reserve Ratio

The fraction of depositors' balances that banks must have on hand as cash, a regulation enforced by central banking authorities.

Reserves

Funds or materials set aside or saved for future use or to cover unforeseen expenses; in banking, it refers to the fraction of deposits that a bank keeps in hand to ensure liquidity.

Deposits

Funds placed into an account at a financial institution for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.

Excess Reserves

Banking reserves that are held by a bank in excess of what is required by regulations or central bank requirements.