Banks Would Like to Keep About ______% of Their Deposits

question 1

Multiple Choice

Banks would like to keep about ______% of their deposits on reserve.

• A)2
• B)10
• C)40
• D)75
• E)100

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Definitions:

Quota

A restriction on the number of units of a particular product that can be imported into a country.

Embargo

A prohibition on trade in a particular product.

Ad Valorem Tariff

A type of tariff based on a percentage of the value of the imported goods, rather than on quantity or weight.