Commercial banks are financial intermediaries, as are ________
A) household savers
B) state and local governments
C) insurance companies
D) organized exchanges
C
Economics
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________ are financial securities that represent promises to repay a fixed amount of funds
A) Bonds B) Stocks C) Interest rates D) Mutual funds
Economics
The money supply contracts when the Fed
A. replaces old worn-out notes and bills. B. borrows from the Treasury. C. sells government securities. D. purchases stocks from corporate businesses.
Economics