The portion of ________ that a bank does not loan out or spend on ...

[mikaylakyoung]

The portion of ________ that a bank does not loan out or spend on securities is known as ________.
 
  A) deposits; reserves B) loans; reserves C) deposits; securities D) loans; securities

Question 2

Explain the meaning of the word convergence in the context of economic growth and standards of living.
 
  What will be an ideal response?

[katheyjon]

Answer to Question 1

A

Answer to Question 2

Convergence is a term that describes a prediction of the economic growth model. The prediction states that the profitability of using additional capital or better technology is generally greater in developing countries than in a high-income country. This means that poorer countries ought to grow more rapidly than rich countries and as a result, they should eventually catch up to the richer countries. This phenomenon is also called catch-up.

[mikaylakyoung]

Excellent

[vickybb89]

Thanks for the timely response, appreciate it