Money is created when
A) a bank gives you a $1,000 loan.
B) you pay back a $1,000 loan to a bank.
C) you write a check for $1,000.
D) you deposit $1,000 cash to be deposited in your checking account.
E) you cash a check for $1,000 at your bank.
Correct Answer:
Verified
Q92: Money is destroyed when
A) loans are made.
B)
Q282: Which statement is true?
A)The Fed failed to
Q283: According to the concept of the liquidity
Q284: According to the John Maynard Keynes' liquidity
Q285: John Maynard Keynes thought that when interest
Q286: The liquidity trap is based on the
Q288: Statement I: John Maynard Keynes called the
Q289: Statement I: The Check Clearing for the
Q290: If a bank has positive excess reserves,
A)its
Q292: Which of the following statements is false?
A)A
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