What Island Was the Origin of the Largest Contingent of Afro-Caribbeans

question 13

Multiple Choice

What island was the origin of the largest contingent of Afro-Caribbeans to migrate to the United States?

• A)Jamaica
• B)Cuba
• C)Nevis
• D)Barbados

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Definitions:

Actual Reserves

The amount of funds that a bank has on hand and available to lend, beyond its reserve requirements.

Required Reserves

The minimum amount of funds a bank must hold in reserve against deposit liabilities, as mandated by regulatory authorities.

Required Reserve Ratio

The fraction of deposits that banks are required to keep on hand and not loan out, used by central banks to control the amount of money in circulation.

Legal Reserves

Reserves that depository institutions are allowed by law to claim as reserves; vault cash and deposits held at Federal Reserve district banks.