If people did not deposit their money in banks, banks would
a. not be affected because banks do not rely on deposits to make loans
b. have unused excess reserves that earn them no interest
c. be able to expand the money supply by more than the money multiplier indicates
d. disappear because they would have no deposits and could make no loans
e. not be able to find new borrowers thus restricting their banking activity
D
You might also like to view...
GDP is used by economists to measure
A) the market value of final goods and services produced over a particular time period. B) the overall well-being of society enjoyed over a particular time period. C) the overall efficiency of the macro economy over a particular time period. D) the economic strength of the nation.
The Chinese government has prohibited anyone in China from dealing with bitcoin exchanges
Indicate whether the statement is true or false