The Upward Trend in the Currency-Deposit Ratio During 1994-2007 Can

question 120

Multiple Choice

The upward trend in the currency-deposit ratio during 1994-2007 can be explained by

• A)the increased holdings of U.S. currency by foreigners.
• B)bank panics.
• C)a drop in the rate of interest paid on checking deposits.
• D)high taxes and illegal activities.

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Definitions:

Power Cost

Power cost refers to the expenditure associated with the consumption of electrical energy by a company or an individual.

Automotive Engines

The power units of vehicles, designed to convert fuel into mechanical energy to enable motion.

Labor Rate Variance

The difference between the actual labor rate paid and the standard labor rate expected, indicating over or underpayment.

Budget Variance

The difference between the budgeted amount of expense or revenue, and the actual amount of expense or revenue incurred.