At Present, Only 32 Percent of the Population in Developing

question 38

Multiple Choice

At present, only 32 percent of the population in developing countries uses the Internet. This reflects what aspect of information technology development?

• A) It demonstrates the increasing successes by computer hackers to shut down global media.
• B) This is the result of efforts by foreign powers to prevent access to online materials in the developing world.
• C) This is a reflection of the minimal investment in technological infrastructure made by the Chinese government.
• D) This shows the tendency of globalization to increase the effects of uneven development.

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Definitions:

Depository Institution

A financial institution legally allowed to accept monetary deposits from consumers, such as banks and credit unions.

Required Reserve Ratio

The fraction of deposits that banks are required to hold in reserve, either in their vaults or at the central bank, to ensure that they can meet withdrawal demands.

Simple Money Multiplier

A formula that estimates the maximum amount of money that banking can generate with each dollar of reserves.

Required Reserve Ratio

The fraction of deposits that banks are required by law to keep on hand or with the central bank, rather than lend out.