A bank cannot create money unless its ________
A) required reserves are greater than actual reserves
B) excess reserves are zero
C) desired reserves are greater than actual reserves
D) excess reserves equal deposits multiplied by the reserve ratio
C
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Which statement is most accurate about the U.S. between 1800-1860?
a. New states were always permitted to choose whether they wanted to be free or slave states. b. Slaves were prohibited from the western territories and new states. c. The threat of having their jobs replaced by slaves led many southerners to unionize. d. The total value of slaves in the U.S. increased substantially after the slave trade was stopped in the early 1800s.
Monopolies, whose market position is based on exclusive access to resources, eventually lose their monopoly power when there is
a. increasing brand loyalty on the part of consumers b. an expiration in their patents c. a development of new technologies d. exclusive access to resources e. a negative cross elasticity with other goods in the market