Which of the Following Helps to Eliminate the Influence of Fairness

question 16

Multiple Choice

Which of the following helps to eliminate the influence of fairness considerations?

• A)Repeating games
• B)Raising the stakes in games
• C)Reducing the amount of available resources after an initial offer is rejected
• D)None of the above

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Definitions:

Elastic Currency

A currency system that can expand or contract in supply to accommodate economic needs and stabilize the economy.

Secondary Reserves

Liquid assets held by financial institutions that are not used for primary obligations but can be quickly converted to cash for emergency needs.

U.S. Government Securities

Financial instruments issued by the United States Department of the Treasury to finance federal government's expenditures.

Vault Cash

Currency and coins held by a bank in its vault and used to satisfy the bank's reserve requirements.