How Is New Spain in the Late 17th Century and Early

question 38

Multiple Choice

How is New Spain in the late 17th century and early 18th  century viewed?

• A)It was viewed with cautious optimism.
• B)It was viewed as a place of constant disturbance and rebellion.
• C)It was viewed as a time of reconciliation and rebirth.
• D)It was viewed as being in a period of decline and stagnation.
• E)It was viewed as an area with strong growth.

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Definitions:

Excess Reserves

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

Open Market Operations

A monetary policy tool used by central banks to control the money supply by buying or selling government securities in the open market.

Reserve Requirement Ratio

The fraction of deposits which a bank is mandated to hold in reserve, either in its own vaults or with the central bank, rather than lending to consumers.

Checkable Deposits

Bank accounts that allow the account holder to write checks or use debit cards to make payments directly from the account.