A system in which depository institutions hold reserves that are less than the amount of total deposits is called
A) central banking system. B) required reserve banking.
C) fiat money banking. D) fractional reserve banking.
D
Economics
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Over the past four decades
A) the growth rate of real GDP per person in the United States has been increasing. B) U.S. real GDP per person has fallen below that of the other rich industrial countries. C) U.S. real GDP per person has increased. D) Both answers A and C are correct.
Economics
A Giffen good has
A) a positive substitution effect. B) a negative income effect. C) a larger income effect than substitution effect. D) All of the above.
Economics