A Key to Economic Growth and Development Is To

question 244

Multiple Choice

A key to economic growth and development is to:

• A)Locate more deposits of gold and other precious metals.
• B)Emphasize a fair and equitable distribution of income.
• C)Provide people with better education.
• D)Allow government planning to guide the allocation of resources.

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Definitions:

Converted

This term usually refers to a change in the characteristics or use of an asset, such as converting a building for a different purpose or converting securities from one form to another, like bonds to stock.

LIBOR

London Interbank Offered Rate, a benchmark interest rate at which major global banks lend to one another.

Eurodollar Loans

Loans in U.S. dollars that are deposited in banks outside the United States, often used in international trade financing.

Overnight

Referring to transactions that occur or are settled from the end of one business day to the start of the next.