Basel III Introduced Significant Capital Reforms Including Measures to Raise

question 29

True/False

Basel III introduced significant capital reforms including measures to raise the quality and minimum required levels of capital and establish a back-up leverage ratio.

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Definitions:

Economic Rent

Income earned from the possession of a unique asset or advantage not due to individual effort or investment, such as land ownership or patents.

Unearned Surplus

Income derived from investments rather than from work or productive activity.

Henry George

Henry George was an American political economist and journalist who advocated for the "Single Tax" on land, arguing that this would reduce economic inequalities and promote social justice.

Entrepreneur

An individual who starts and runs a business, taking on financial risks in the hope of profit.