The Inclination of the Axis of the Earth Varies from 22

question 32

Multiple Choice

The inclination of the axis of the earth varies from 22 $\degree$ to 24 $\degree$ degrees taking ____ to complete a cycle.

• A) 24 hours
• B) 1 year
• C) 499 years
• D) 41,000 years
• E) Wrong! The Earth's axis tilt is fixed at exactly 23.50 with no variation whatsoever.

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Definitions:

Reserve Requirement

The minimum amount of reserves that banks must hold, either in their vaults or with the central bank, as a proportion of deposits.

Excess Reserves

The surplus funds that banks hold over the required minimum set by the central bank to meet unexpected withdrawals.

Deposits

Funds stored in a bank or similar entity for security purposes that have the potential to accrue interest as time passes.

Reserve Requirement

The minimum amount of funds that a bank must hold in reserve against deposit liabilities, set by the central bank.