The term "dual banking system"refers to the fact that:
A) commercial banks accept deposits and make loans.
B) both the federal and state governments can charter commercial banks.
C) commercial banks may or may not belong to the Federal Reserve System.
D) both commercial banks and savings institutions can create and destroy money.
Correct Answer:
Verified
Q70: Money is created when someone:
A) takes a
Q71: In the U.S., the ability to create
Q72: The financial depository institution that holds and
Q73: Commercial banks:
A) make loans to businesses and
Q74: Commercial banks are:
A) unregulated profit-driven businesses.
B) publicly
Q76: When we say the U.S. has a
Q77: Which of the following statements is FALSE?
A)
Q78: Which of the following statements about national
Q79: Membership in the Federal Reserve is required
Q80: The Federal Deposit Insurance Corporation:
A) insures federal
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