A recent development in the financial services industry is:
A) an increase in the number of banks and credit unions.
B) increased integration of world financial markets.
C) increased use of coins and currency as a medium of exchange.
D) a decrease in the financial services and activities of mutual funds.
Correct Answer:
Verified
Q29: When we consider risks of various bank-assets,
Q30: The Canadian Payments Association coordinates:
A) clearing of
Q31: Which one do you think is an
Q32: Which of the following is the most
Q33: Bank profits come from:
A) rental income on
Q35: Banks create money by:
A) granting new loans.
B)
Q36: Fractional reserve banking mans:
A) banks hold cash
Q37: In a fractional-reserve banking system, the reserves/deposits
Q38: If the reserve/deposit ratio (rr) is 0.2
Q39: Banks create money, when banks:
A) extend loans
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