Author Question: Banks would be expected to minimize holding excess reserves because this practice is: a. illegal. ... (Read 45 times)

Haya94 · **on:** Jun 30, 2018

Banks would be expected to minimize holding excess reserves because this practice is:
a. illegal.
b. not profitable.
c. technically difficult.
d. subject to a stiff excess reserves tax.

Question 2

Which of the following helps low-income countries grow rapidly relative to high-income countries?
a. Low-income countries are in a better position to save a larger share of their income.
b. Low-income countries can employ technologies and practices that have been successful in high-income countries.
c. Low-income countries generally have legal systems that protect property rights and enforce contracts in a more evenhanded manner.
d. Low-income countries generally have more favorable weather conditions.