Besides World Trade Growth, What Can Explain the Growth of International

question 32

Multiple Choice

Besides world trade growth, what can explain the growth of international banking since the 1960s?

• A) war in the Middle East
• B) government focus on banking regulation
• C) an increase in world travel
• D) the emergence of developing countries like China
• E) desire of depositors to hold currencies outside the jurisdiction of the countries that issue them

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Definitions:

Verbal Statement

A statement made using words, especially in mathematics to describe a problem or equation verbally.

Budgeted

Budgeted refers to the amount of money that has been allocated for a specific purpose or period.

Hotel Costs

The expenses associated with lodging in a hotel, typically including the price per night, taxes, and fees.

Inequality

A mathematical statement that uses symbols to show that two quantities are not equal and involves relationships like less than, greater than, less than or equal to, and greater than or equal to.