Where in the World Did Large-Scale Cultivation or Farming First

question 123

Multiple Choice

Where in the world did large-scale cultivation or farming first develop?

• A) in the Middle East
• B) in southeast Asia
• C) in North America
• D) in Africa

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Definitions:

Money Supply

The total amount of money—cash, coins, and balances in bank accounts—in circulation within a country's economy at a specific time.

Required Reserve Ratio

The fraction of deposits that banks are required to keep on hand and not lend out, as set by the central bank.

Discount Rate

The interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility.

Required Reserve Ratio

The fraction of deposits that a bank is required by regulation to hold in reserve, either in its own vaults or with a central bank, and not lend out.