Banks create money when they make loans
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Is it possible for an input to have a negative marginal product?
What will be an ideal response?
Economics
The IS curve shifts to the right when ________
A) autonomous consumption decreases B) taxes increase C) autonomous investment increases D) all of the above E) none of the above
Economics
If a bank has $60,000 in legal reserves and is subject to a 10 percent reserve requirement, it could have outstanding check able deposits to the extent of
a. $60 million. b. $600,000. c. $6 million. d. $60,000.
Economics
All physical and mental activity devoted to producing goods and services is classified under the resource category called _________.
Fill in the blank(s) with the appropriate word(s)
Economics