When commercial banks extend loans, they are able to expand the supply of money in the United States because the U.S. has
a. a fiat supply of money.
b. money that is backed by gold.
c. a fractional reserve banking system.
d. a system of federal deposit insurance.
C
Economics
You might also like to view...
What is outsourcing?
A) The process of vertically integrating the factors of production. B) The process of selling products overseas bypassing import tariffs. C) The movement of production to affiliate firms outside of the country. D) None of the above.
Economics
At least two demand curves are present in an international equilibrium model
a. True b. False Indicate whether the statement is true or false
Economics