The process of money creation by the banking system is limited, in part, by the
A) Comptroller of the Currency.
B) number of depositors.
C) laws passed each year by the U.S. Congress.
D) desired reserve ratio.
E) number of banks.
D
Economics
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During an economic expansion, the demand for money ________ because ________
A) decreases; nominal GDP increases B) increases; real GDP increases C) increases; nominal GDP does not change D) does not change; people make more purchases with credit cards E) decreases; real GDP increases
Economics
The gambler's fallacy suggests that what happened in the past will influence the present. This is most likely true in which of the following situations?
A) flipping cards from a single deck B) tossing a fair coin C) the quality of play of a baseball team D) horse racing
Economics