The First Permanent Settlements or "Towns" Emerged __________

question 47

Multiple Choice

The first permanent settlements or "towns" emerged __________.

• A)before the invention of writing
• B)after the invention of writing
• C)at the same time when writing was invented
• D)It is not known when writing was invented.

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Definitions:

Business Investment

The act of allocating resources, usually in the form of capital, to create, expand, or improve a business's assets.

Required Reserves

The minimum amount of funds that a bank or depository institution must hold in reserve against specified deposit liabilities.

Excess Reserves

are the funds that banks hold over and above the required minimum reserves mandated by the central bank.

Federal Reserve Banks

Part of the central banking system of the United States, responsible for implementing monetary policy, providing financial services, and supervising and regulating banks.