A bank creates money
A) never since it only lends out money it owns.
B) when it makes loans.
C) when it prints bank notes.
D) when it pays out reserves.
B
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The government of Healthyland imposes a tax on sellers of salt. The tax is $0.10 per pound. With no tax, the price of salt is $0.40 per pound. The demand for salt is perfectly inelastic and the elasticity of supply is 1.5
With the tax, the price of salt paid by buyers in Healthyland is A) $0.40 per pound. B) $0.45 per pound. C) $0.35 per pound. D) $0.50 per pound.
Nonparticipants in the labor force include those who are classified as unemployed
Indicate whether the statement is true or false
The percentage change in quantity demanded divided by the percentage change in income is the formula for:
a. cross-price elasticity of demand. b. income elasticity of demand. c. elasticity of savings. d. wage elasticity of labor supply.
Facebook and Google were responsible for over 60 percent of digital advertising expenditures in 2017.
Answer the following statement true (T) or false (F)