What Two Events Caused the Spanish to Turn Away from the Possible

question 33

Multiple Choice

What two events caused the Spanish to turn away from the possible measures of reform suggested by the survey of Alessandro Malaspina?

• A) the Seven Years' War and Revolution in Haiti
• B) the American and French Revolutions
• C) the Napoleonic Wars and American Revolution
• D) the French Revolution and Napoleonic Wars

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Definitions:

Excess Reserves

Funds held by banks over and above the legally mandated reserve requirement.

Required Reserves

The minimum amount of funds that a bank is required by regulation to hold in reserve against deposits made by customers.

Total Reserves

The amount of funds that a bank or financial institution has in its vault or with the central bank, available to meet any withdrawal or payment demands.

Debit Cards

Payment cards that deduct money directly from a consumer's checking account to pay for a purchase.