One of the main functions of banks is
A) Borrowing money and lending to savers.
B) Creating money.
C) Ownership of projects in which they invest.
D) Maintaining a constant money supply.
Correct Answer:
Verified
Q48: Suppose a bank has $160,000 in deposits
Q49: If bank customers decide as a group
Q50: Which of the following is not considered
Q51: The ratio of a bank's total reserves
Q52: Deposit creation occurs when
A)A bank lends money.
B)A
Q54: Which of the following reflects the concept
Q55: The term fractional reserves refers to
A)The fact
Q56: Suppose a bank has $300,000 in deposits
Q57: Required reserves represent
A)A leakage from the flow
Q58: Suppose a bank has $500,000 in deposits
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