Which of the Following Was a Result of the European

question 24

Multiple Choice

Which of the following was a result of the European revival in trade after the Middle Ages?

• A)A rise in the number of serfs working for local nobles
• B)A depletion in resources along Europe's coastlines
• C)An increase in the power of the nobility
• D)The formation of nation-states
• E)The rise of Roman Catholicism as a unifying force across Europe

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Definitions:

Excessive Reserves

Funds held by banks over and above the legal reserve requirement, not required but possibly maintained for additional safety or for other purposes.

Required Reserves

Required Reserves are the portion of depositors' balances that banks must have on hand as cash, according to central bank regulations.

Actual Reserves

The physical quantity of a resource or commodity that is known to be available and extractable under current conditions.

Reserve Requirement

The minimum amount of reserves that banks are required to hold by law, set by the central bank to control money supply.