Labor Migration Has Increased in the Twentieth Century in Part

question 42

Multiple Choice

Labor migration has increased in the twentieth century in part due to __________.

• A) warfare
• B) industrialization
• C) the ability of refugees to seek asylum
• D) faster maritime transportation

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Definitions:

Excess Reserves

The reserves held by a bank in excess of the minimum reserve requirements set by central banking authorities.

Required Reserves

The minimum amount of reserves that banks are required to hold by law, as a safeguard against bank runs.

Demand Deposits

Bank account balances that can be withdrawn on demand without any notice, such as in checking accounts.

Credit Availability

The ease with which individuals and businesses can obtain loans or credit, often influenced by interest rates and economic policies.