If the fractional reserve system did not exist,
a. the banking system could not create money.
b. there would be no effect on the ability of the banking system to create money.
c. banks would loan out its required reserves.
d. banks would be highly susceptible to bank runs.
e. the banking system would realize the money multiplier.
a
Economics
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Pete feeds his dog 100 percent more Pup-Peronis when Zuke's treats increase in price by 50 percent. For Pete, Pup-Peronis and Zuke's are ________ and the cross-price elasticity of demand is ________
A) complements; -1/2 B) substitutes; 2 C) substitutes; -2 D) complements; 2 E) substitutes; 1/2
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In an open economy, the relationship between GDP (Y) and expenditures is Y = C + I + G
Indicate whether the statement is true or false
Economics