A bank's most important service is
a. making money
b. providing checking account services
c. organizing money flowing into accounts
d. providing investment advice
e. increasing the amount of cash the public holds
B
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In what way can the stock market affect the overall economy?
A) It's an important source of funds for corporations. B) It can affect consumer and business sentiment. C) It is an important factor affecting consumer wealth and thus consumer spending. D) All of the above
The intersection of the demand for loanable funds and the supply of loanable funds determines the
A. Par value. B. Real interest rate. C. Prevailing interest rate. D. Price รท earnings ratio.
The Fed pays banks interest on bank deposits held on reserve at the Fed
Indicate whether the statement is true or false
M1 + _________ = M2.
Fill in the blank(s) with the appropriate word(s).