The concept of holding reserves, such as gold, that are less than the value of the total deposits
A. is known as non-credit banking.
B. is known as fractional reserve banking.
C. has been illegal since the passage of the Financial Services Modernization Act of 1999.
D. None of the above are correct
Ans: B. is known as fractional reserve banking.
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A) the equilibrium real wage will increase B) labor demand will decrease C) the equilibrium employment will decrease D) labor supply will increase
The financial market events of September and October 2008 ________
A) sparked a sharp widening of the credit spread B) signalled the success of the policy response to the financial crisis C) reduced some of the uncertainty that had paralyzed financial markets D) resulted from the federal funds rate having fallen below zero
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a. the created jobs are highly visible, while the secondary effects of lost jobs in other areas, higher interest rates, and higher future taxes are less visible. b. if a spending program is approved by Congress, it means that the value of what is produced is greater than the value of the resources used to produce it. c. the benefits of job creation are always greater than the costs. Jobs are the key to economic progress. d. when spending programs are funded by
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