Although U

question 180

Multiple Choice

Although U.S. farmers compose only one-fiftieth of the labor force, they _____

• A) are underemployed on the farms.
• B) grow about the same as developing nations.
• C) grow less than developing nations.
• D) grow enough to feed the nation and to lead the world in exports of grain, oil seeds, and cotton.
• E) grow enough to feed the nation but underproduce in exports of grain, oil seeds, and cotton.

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Definitions:

Discount Rate

The interest rate charged by central banks on loans they provide to commercial banks or financial institutions.

Money Supply

The entire amount of cash and cash equivalents present in an economy at a designated time, including money in the form of coins, notes, and funds held in checking and savings accounts.

Money Multiplier

A factor that quantifies the amount of additional money that can be created in a bank's lending process for a given amount of reserves.

Excess Reserves

Excess reserves are the capital reserves held by a bank or financial institution in excess of what is required by regulators, central bank, or other financial authority.