Money is created by
A) government taxation.
B) banks taking in deposits.
C) banks making loans.
D) banks paying for depositor's insurance.
Correct Answer:
Verified
Q245: If the desired reserve ratio is 3
Q246: Banks create money whenever they
A) accept a
Q247: A bank creates money by
A) lending its
Q248: If a customer deposits $10,000 in currency
Q249: The majority of money is created when
A)
Q251: When the Fed lowers the federal funds
Q252: The sale of government securities by the
Q253: A bank's required reserves are calculated by
Q254: Which of the following will occur if
Q255: The Fed buys $100 million of government
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