Holding the money deposits of businesses and households and making loans to the public are the basic functions of
A) district banks of the Federal Reserve System.
B) commercial banks and thrift institutions.
C) the Federal Open Market Committee and the Board of Governors.
D) the Federal Deposit Insurance Corporation and the Federal Savings and Loan Insurance Corporation.
Correct Answer:
Verified
Q158: Checkable deposits are money because they are
A)legal
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A)
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