A bank provides:
A. risk diversification; that is, connecting buyers and sellers to ease saving and borrowing.
B. liquidity; that is, access to cash when and where you want it.
C. liquidity; that is, it connects buyers to sellers to ease saving and borrowing.
D. risk diversification; that is, access to cash when and where you want it.
Answer: B
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Which of the following tariffs resulted in worldwide retaliation against the United States during the Great Depression?
A) the Chicken tariff B) the Pasta Tariff C) the Smoot-Hawley tariff D) the Tariff of Abominations
The leadership of the Federal Reserve System is provided by
A) the Board of Governors. B) the Federal Advisory Committee. C) the Federal Open Market Committee. D) the directors of the twelve Federal Reserve banks.
Total surplus:
A. is producer and consumer surplus combined.
B. is producer surplus minus consumer surplus.
C. is consumer surplus minus producer surplus.
D. is the total amount spent on a good in a market.
If depositors lose confidence in their bank and immediately demand their money back, banks ________ pay all the depositors because ________ of their deposits are kept as cash reserve
a. would; all b. would not; all c. would; only a fraction d. would not; only a fraction