Lovelock Has Suggested That the Transformation of the Service Economy

question 60

Multiple Choice

Lovelock has suggested that the transformation of the service economy comes under five headings. Which of the following is NOT one of these headings?

• A)Business trends
• B)Social changes
• C)Government regulation
• D)Internationalisation
• E)None of the above

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Definitions:

Excess Reserves

Funds that banks hold over and above the required minimum by the central bank to cover depositor withdrawals.

Open Market Operations

Actions undertaken by a central bank, such as buying or selling government securities, to control the money supply and interest rates.

Federal Reserve District Banks

The 12 regional banks that make up the Federal Reserve System of the United States, each serving a specific geographic area.

Securities

Financial instruments that represent an ownership position in publicly-traded corporations (stocks), a creditor relationship with a governmental body or a corporation (bonds), or rights to ownership as represented by an option.