Commercial banks create money through
A. reducing risk in the economy.
B. printing treasury notes.
C. making loans.
D. facilitating borrowing from the Federal Reserve to the public.
Answer: C
Economics
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Compared to monopoly pricing, an optimal two-part tariff
A) equates marginal revenue and average revenue. B) reduces economic efficiency. C) eliminates the deadweight loss. D) increases consumer surplus.
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Refer to Scenario 10.2. How much profit does the monopolist earn?
A) $4512.50 B) $4987.50 C) $475.00 D) $5.00
Economics
Why is trade based on comparative advantage?
What will be an ideal response?
Economics
Use the above figure. Which graph depicts an inferior good?
A) A B) B C) C D) D
Economics