Which of the Following Is Characteristic of DVCs

question 121

Multiple Choice

Which of the following is characteristic of DVCs?

• A) A large percentage of the labor force is in agriculture.
• B) There are high levels of saving and investment.
• C) They have high labor productivity.
• D) There are high levels of training.

---

Definitions:

Precious Metals

Rare, naturally occurring metallic elements of high economic value, which are often used as investment commodities, jewelry, and in industrial applications.

Paper Dollar

A term referring to United States currency notes made of paper, as opposed to coins or digital currency.

Collectibles

Items of personal or aesthetic value, often rare or unique, that are sought after and collected by enthusiasts.

Reserve Ratio

The reserve ratio is the portion of depositors' balances that banks must have on hand as cash, determined by central banks to ensure stability and liquidity.