Commercial banks have the power to create money in the form of new checkable deposits.
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Q12: In recent years, demand and savings accounts
Q13: Super NOW accounts may be offered only
Q14: MMDAs and Super NOWs carry higher yields
Q15: The shift toward more expensive interest-bearing deposits
Q16: Most bank revenues come from investments in
Q18: An individual bank cannot create more money
Q19: Today, legal reserves for depository institutions consist
Q20: Suppose transaction accounts carry a reserve requirement
Q21: Reserves withdrawn from the banking system will
Q22: The banking system can create money only
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