A Member of the Board Who Also Serves as an Officer

question 57

Multiple Choice

A member of the board who also serves as an officer is a(n) __________ director.

• A) inside
• B) interested
• C) outside
• D) employed

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Definitions:

Money Supply

The overall pool of money within an economy at a certain time, including all forms of cash, coinage, and funds in checking and savings accounts.

Spanish Currency

The Euro, which is the official currency of Spain, part of the Eurozone countries that have adopted the euro (€) as their legal tender.

Commercial Banks

Financial institutions that provide a range of services such as accepting deposits, lending money, and offering investment products.

Store Of Value

An asset that can be saved, retrieved, and exchanged at a later time, and be predictably useful when retrieved.