Without banks, people would:
A)hold more of their wealth as cash.
B)hold less of their wealth as cash.
C)invest most of their wealth in real estate.
D)earn higher rates of return and enjoy more liquidity.

Question

Quizplus · Accepted Answer

Without banks, people would have to hold more of their wealth as cash because they would not have access to checks or electronic money transfers. This would also lead to higher risk of theft and loss of wealth.

Without Banks, People Would