When banks create money, they

a. increase wealth at a pace equal to the rate of money creation
b. destroy wealth at a pace equal to the rate of money creation
c. increase wealth at a rate exceeding the rate of money creation
d. increase wealth at a rate less than the rate of money creation
e. do not create wealth

E

Economics

You might also like to view...

The SRAS curve is vertical at the natural level of real output

a. True b. False Indicate whether the statement is true or false

Economics

The tendency for people who have good health insurance to take more risks with their health is called adverse selection.

Answer the following statement true (T) or false (F)

Economics