The Figure Below Shows the Demand (D) and Supply (S)

question 49

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-Economists typically date the beginning of the gold standard to the period:

• A)before 1500.
• B)before 1776.
• C)between 1880 and 1914.
• D)between the two world wars.
• E)between 1970 and 2000.

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Definitions:

Required Reserve Ratio

The fraction of deposits that banks are required to keep on hand as reserves, either in cash or as deposits with a central bank.

Checkable Deposits

Deposits in financial institutions that can be withdrawn by writing a check or using a debit card.

Reserves

Assets held by financial institutions or central banks as a requirement or for ensuring liquidity in times of need, including cash, deposits, or securities.

Money Supply

The Money Supply is the total amount of monetary assets available in an economy at any specific time, including cash, coins, and balances held in checking and savings accounts.