The total assets of commercial banks in 2013 amounted to:
A) three times nominal GDP in the U.S.
B) about one-half of nominal GDP in the U.S.
C) about four-fifths of nominal GDP in the U.S.
D) about one-tenth of nominal GDP in the U.S.
Correct Answer:
Verified
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A) large commercial
Q11: A bank's reserves include:
A) U.S. Treasury bills.
B)
Q12: A bank's reserves include:
A) vault cash.
B) U.S.
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