Fractional reserve banking originated
A) when the United States Congress passed a law regarding the required reserve ratio.
B) when goldsmiths realized they could issue warehouse receipts beyond gold on deposits.
C) with the establishment of the Federal Reserve System.
D) in the United States with the Clayton Act.
B
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The demand curve faced by an oligopolistic producer depends on how rival firms react to its prices and policies
a. True b. False Indicate whether the statement is true or false
A new public offering that significantly shifts the supply curve for a firm's shares will
a. have no impact on the stock's price b. decrease the stock's price c. increase the stock's price d. decrease the value of the firm's previously issued bonds e. decrease the firm's working capital
If a business is earning an economic profit in a competitive market, it is
a. price gouging its customers. b. exploiting it workers. c. producing goods and services that are valued more highly than the resources required to produce them. d. producing goods and services in a market that is characterized by high entry barriers.
The broadest indication of economy-wide inflation is captured by the
A. Producer Price Index. B. Personal Consumption Expenditure Index. C. Gross Domestic Product (GDP) deflator. D. Consumer Price Index.