The Declining Trend in the Currency-Deposit Ratio During 2007-2014 Can

question 1

Multiple Choice

The declining trend in the currency-deposit ratio during 2007-2014 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)the increasing use of debit cards.

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Definitions:

Shoes

Footwear created to protect and comfort the human foot while doing various activities, also serving as an item of decoration or fashion.

Export

Goods or services produced in one country and sold to buyers in another country.

Baskets

Containers typically made of interwoven materials like straw or plastic, used for carrying or storing items.

Free Trade

The absence of tariffs, duties, and other governmental barriers to international trade, allowing goods and services to move more freely across borders.