Which accurately describes the requirements banks must meet under a fractional reserve banking system? banks must get government approval for all loans. banks reserve the right to raise interest rates at any time. banks must pay a specific fraction of their assets in taxes. banks must keep a specific percentage of deposits on hand.

You are a team of marketing consultants. it is 2008 and the great recession has struck. one of your clients is whole foods market (sometimes known as whole paycheck). wfm has come to you and asked for strategic advice on how to adapt their product and pricing strategies in light of the economic downturn: 1. advise wfm on the various approaches that could be taken to reducing price. be sure to consider potential psychological impact of price reductions on wfm consumers. 2. based on the options outlined in part 1, recommend an approach and support with marketing theory.