Banks earn a profit on the difference between
A) interest charged to depositors and interest offered to borrowers
B) interest charged on loans and interest paid on deposits
C) deposit and loan balances
D) liabilities and deposits
E) dividends and interest
Correct Answer:
Verified
Q1: Which of the following is not true
Q18: Which of the following is not legal
Q19: The M1 money supply consists of
A)coins and
Q20: Of the following,which is not included in
Q20: Banks act as financial intermediaries by:
A)bringing together
Q21: Currently,M2 is approximately
A)equal to M1
B)twice the size
Q24: Banks create money when they accept deposits.
Q25: The largest component of M1 is
A)currency
B)checkable deposits
C)traveler's
Q26: Net Worth on a bank's balance sheet
Q122: Banks create money when they make loans.
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