The Phase of the Globalization Process Characterized by Imports from Foreign

question 55

Multiple Choice

The phase of the globalization process characterized by imports from foreign suppliers and exports to foreign buyers is called the:

• A) domestic phase.
• B) multinational phase.
• C) international trade phase.
• D) import-export banking phase.

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Definitions:

Federal Funds Market

A financial market that allows banks to borrow or lend reserves overnight to meet reserve requirements.

Excess Reserves

Assets retained by banks exceeding the compulsory minimum reserves stipulated by central bank regulations.

Deposits

Money placed into a financial institution for safekeeping, which can earn interest over time depending on the type of account.

Reserves

Assets kept on hand by a bank, company, or government to meet future liabilities, emergencies, or regulatory requirements.