Which of the Following Is NOT True About Banks

question 29

Multiple Choice

Which of the following is NOT true about banks?

• A) Banks are tightly regulated by state and federal governments.
• B) Banks are required to keep a certain amount of cash reserves.
• C) Banks are an example of a financial intermediary.
• D) Banks are sellers, not buyers, in the market for money.

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Definitions:

Core Capitalist Country

A country that is at the forefront of capitalism, having well-developed industries, technological advancements, and a significant influence on global economic policies.

Peripheral Capitalist Country

A term used in world-systems theory to describe countries that are less economically developed and often exploited by more developed core countries, mainly focusing on exporting raw materials.

Geopolitical Position

The strategic significance of a country's location on the global stage, in terms of politics, economics, and military strategy.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, often through industrial, technological, and infrastructural advancements.