The majority of money is created when
A) banks make loans.
B) new coins are minted.
C) the federal government borrows from the public.
D) the Fed sells bonds.
A
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A common belief among political analysts is that someone running for his or her party's nomination for president of the United States must choose a different strategy once the nomination is secured
To be nominated, the candidate must appeal to voters from one party—Democrat or Republican—but in a general election a party's nominee must appeal to voters from both parties as well as independent voters. Which of the following offers the best explanation for this change in strategy? A) rent seeking B) the median voter theorem C) the Arrow impossibility theorem D) the voting paradox
What type of loan led the wave of bank lending in the 1970s and 1980s?
A) consumer loan B) commercial mortgage C) loans to state and local governments D) commercial paper
If the price of a Swiss franc is $0.60, the price of a dollar is __________ Swiss francs
A) 0.40 B) 1.40 C) 1.67 D) 6.0
A sudden appreciation in the exchange rate of a country deteriorates the terms of trade of the country
a. True b. False Indicate whether the statement is true or false