The Degree of Openness of an Economy Is Defined as the Ratio

question 39

True/False

The degree of openness of an economy is defined as the ratio of exports or imports to GDP.

Grasp the implications of reserve requirements on banks' lending capabilities.

Recognize the effects of international financial actions on U.S. monetary policy and interest rates.

Understand the role of margin requirements and their setting authority.

Acknowledge the recovery and repayment processes following financial bailouts.

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Definitions:

Subtract

To take away a number or amount from another, leaving a difference.

Least Common Denominator

The smallest common multiple of the denominators of two or more fractions, used in addition and subtraction of fractions.

Denominator

The bottom number in a fraction, indicating the total number of equal parts the whole is divided into.