This topic contains a solution. Click here to go to the answer

Author Question: The portion of ________ that a bank does not loan out or spend on securities is known as ________. ... (Read 37 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
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?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katheyjon

  • Sr. Member
  • ****
  • Posts: 331
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

  • Member
  • Posts: 531
Reply 2 on: Jun 29, 2018
Excellent


amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

For a complete list of videos, visit our video library