With the Development of Cash-Crop Agriculture in the Trans-Allegheny West

question 68

Multiple Choice

With the development of cash-crop agriculture in the trans-Allegheny West

• A) subsistence farming became common.
• B) farmers began to support the idea of slave labor.
• C) farmers quickly faced mounting indebtedness.
• D) the South could harvest a larger crop.
• E) the issue of farm surpluses came to the fore.

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Definitions:

Small Banks

Financial institutions with a smaller asset base and local focus providing banking services to individuals and businesses in their communities.

Primary Reserves

Funds that financial institutions must hold in physical form, such as cash in vaults or deposits with central banks, as a measure of liquidity and financial stability.

Secondary Reserves

Liquid assets held by financial institutions as backup funds for unforeseen needs, not directly utilized in lending or investment.

Required Reserves

The minimum amount of funds that banks are required to hold in reserve against deposits, as mandated by central banks.