The upward trend in the currency-deposit ratio during 1994-2007 can be explained by
A) the increased holdings of U.S. currency by foreigners.
B) bank panics.
C) a drop in the rate of interest paid on checking deposits.
D) high taxes and illegal activities.
A
Economics
You might also like to view...
The case of New Zealand, as described in the text, draws what simple conclusion regarding the country's international debt position?
What will be an ideal response?
Economics
A monopsony is a market in which
a. one firm is the sole producer of a good or service. b. one firm is the sole buyer of a good or service. c. firms encourage competition by starting "price wars" among competitors. d. firms collude in setting prices and levels of output.
Economics