Because Checking Accounts Are ________ Liquid for the Depositor Than

question 18

Multiple Choice

Because checking accounts are ________ liquid for the depositor than passbook savings,they earn ________ interest rates.

• A) less; higher
• B) less; lower
• C) more; higher
• D) more; lower

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Definitions:

Dependency Theory

A socioeconomic theory suggesting that resources flow from poor, underdeveloped states to wealthy states, enriching the latter at the expense of the former.

World Systems Theory

A socio-economic theory that suggests the world is divided into core, semi-peripheral, and peripheral countries, with wealth and power concentrated in the core.

Commodity Chain

The network of production and labor processes by which a product becomes a finished commodity. By following the commodity chain, it is evident which countries gain profits and which ones are being exploited.

Division of Labor

The allocation of different tasks to different people or groups in a society, contributing to economic efficiency and specialization.