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We run up trade deficits with other countries when we buy physical goods from them (such as shirts or shoes) and they do not buy
We run up trade deficits with other countries when we buy physical goods from them (such as shirts or shoes) and they do not buy from us. Well, to run up a trade deficit, we must then sell what type of goods to counter our trade deficit? Financial assets We will have to stop trading with the other country because they are not buying any of our goods Military hardware Movies Question 24 What is the required reserve ratio (ie, rrr) and what is its purpose 4 Points the rrr is a percentage of customer deposits that the bank must keep on hand either in their own vault or in the account at the Central Bank. It is to prevent banks from loaning out all of the customer deposits so that there will be enough money left for the bank executives bonuses. the rrr is a percentage of a bank's employees that must be female and those that must be males. It is to ensure that there is gender equality. the rrr is a percentage of customer deposits that the bank must keep on hand either in their own vault or in the account at the Central Bank. It is to prevent bank runs
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