A financial intermediary creates claims on itself, when it accepts depositors' funds.
Correct Answer:
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Q9: The power to create money is given
Q12: Insurance companies are a major source of
Q13: An increase in interest rates tends to
Q15: Large certificates of deposit in units of
Q16: A financial intermediary transfers funds from borrowers
Q18: Investments in money market mutual funds are
Q19: When funds are deposited in a savings
Q20: Money market mutual funds invest in short-term
Q21: Which of the following is not a
Q22: M‑1 includes coins, currency, and .
A) demand
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