Author Question: Economic growth and development in LDCs are low because many of them lack: a. saving. b. ... (Read 49 times)

jazziefee · **on:** Jun 30, 2018

Economic growth and development in LDCs are low because many of them lack:
a. saving.
b. infrastructure.
c. a political environment favorable to growth.
d. All of these.

Question 2

A banking system that provides people immediate access to their deposits, but that allows banks to hold only a portion of those deposits on reserve, is known as:
a. an excess reserve system.
b. a fractional reserve system.
c. the Fed.
d. the FDIC.
e. an asset-based system.