Which of the Following Is Not True of Global South

question 59

Multiple Choice

Which of the following is not true of Global South nations?

• A) Most of them are underdeveloped compared with Global North countries.
• B) There is a wide variety of geographic, demographic, political, and cultural differences between Global South nations.
• C) Almost all of them are achieving impressive levels of economic growth through the use of import substitution policies.
• D) They are located south of the equator.
• E) Almost all of them are former colonies.

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Definitions:

Money Supply

The total financial resources existing in an economy at a certain time.

Open Market Operations

These are financial activities where central banks buy or sell government securities in the open market to control the money supply and influence interest rates.

Required Reserve Ratio

The fraction of deposits that a bank is mandated by regulations to hold in reserve and not loan out.

Excess Reserves

The amount of reserves that a bank holds beyond the required minimum, which can be loaned out to generate earnings.