The primary source of earnings of commercial banks is income derived from
A) the checking account services provided to customers.
B) the use of deposits to extend loans and undertake investments.
C) vault cash and deposits held with the Fed.
D) services provided to the U.S. Treasury.
Correct Answer:
Verified
Q163: Banks are considered a safer place to
Q164: Money is
A) valuable because it is backed
Q165: The legal requirement that commercial banks hold
Q166: Which of the following guarantees the deposits
Q167: When commercial banks extend loans, they are
Q169: In the United States, the purchasing power
Q170: Modern bankers
A) expand the money supply by
Q171: A system that permits banks to hold
Q172: Reserves that banks are required by law
Q173: If you deposit $100 of currency into
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents