The Jesuit Priests, Despite Their Initial Failure in Gaining Converts

question 3

Multiple Choice

The Jesuit priests, despite their initial failure in gaining converts, played a vital role because

• A) of the many converts to Catholicism.
• B) of the health care they provided.
• C) they made peace with the Indians.
• D) they encouraged the Indians to participate in the fur trade.
• E) of their exploration and work as geographers.

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Definitions:

Bank Reserves

The portion of deposits that banks are required to hold either in cash in their vaults or on deposit with a central bank, as a precaution to ensure bank liquidity.

Reserve Requirement

The minimum amount of reserves that a bank is required to hold by law as a percentage of its deposits, used by central banks to control the money supply.

Open Market Sale

The selling of government bonds and securities in the open market to decrease the money supply.

Money Supply

The whole of economic resources in an economy, represented by cash, coins, and checking and savings accounts' balances, at a given time.