Which of the following statements is not true?
A. Transaction deposits make up less than 10 percent of banks sources of funds.
B. The largest sources of funds for banks are non-transactions accounts.
C. Borrowing is a larger source of funds for banks than transaction deposits.
D. The largest source of funds for banks to lend comes from the owner's capital.
Answer: D
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There is a famous economics saying that argues "if diminishing marginal productivity never set in then the world could be fed from a flower pot." Explain what this means economically
What will be an ideal response?
The monetary policies carried out by the Fed
a. must be ratified by Congress. b. must be consistent with fiscal policies passed by Congress. c. are sometimes inconsistent with fiscal policy. d. must be approved by the president.
A market demand curve shows how the total quantity demanded of a good varies as
a. income varies. b. price varies. c. price of the nearest substitute good varies. d. supply varies.
Vector autoregressive models should be used for forecasting if the series being studied are cointegrated.
Answer the following statement true (T) or false (F)