An important function of commercial banks is to _____
a. print new currency
b. issue fiat money
c. mint coins
d. redeem currency for precious metals
e. make loans
e
Economics
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An increase in the interest rate will cause
A) planned investment spending to increase. B) planned investment spending to decrease. C) the investment function to shift out. D) the investment function to shift in.
Economics
During the quarter of a century prior to 2000 . between 66 percent and 71 percent of Americans age 18 and older paid personal income taxes. What happened to the share of adult Americans with a personal income tax liability between 2000 and 2009?
a. It rose to nearly 90 percent. b. It rose to approximately 80 percent. c. It was virtually constant at approximately 70 percent. d. It fell to 51 percent.
Economics