One measure of banking presence in a nation is _____.
A)the amount of credit provided by banks to that nation's agricultural sector
B)the amount of savings that the banks set aside to meet its daily withdrawal needs.
C)the credit given out by banks to that nation's service sector
D)the total profit of the banking sector
E)the credit provided by banks as a percent of that nation's total output

Question

Quizplus · Accepted Answer

The credit provided by banks as a percent of that nation's total output is a measure of banking presence as it reflects the extent to which banks are providing financial support to the economy as a whole.

One Measure of Banking Presence in a Nation Is _____