Because It Was Necessary for Every Person in Brazil to Work

question 2

Multiple Choice

Because it was necessary for every person in Brazil to work together for survival and success,the Portuguese colony became

• A) class conscious.
• B) somewhat egalitarian.
• C) despised by Europeans in other colonies.
• D) extremely successful.
• E) slave-free.

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Definitions:

M3

M2 plus large-denomination time deposits.

M1

A category of the money supply that includes physical currency and coins, demand deposits, traveler’s checks, and other checkable deposits.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money.

M3

A measure of the money supply that includes M2 plus large time deposits, institutional money market funds, and short-term repurchase and other larger liquid assets.