Which of the following statements is true?
A) Eurobanks are able to create money.
B) Eurobanks accept deposits but not loans.
C) Eurobanks are essentially intermediaries.
D) Both A and C.
C
Economics
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Suppose that in 2012, real GDP is larger than nominal GDP. The GDP price index in 2012 is definitely
A) less than 100. B) larger than the GDP price index in 2012. C) greater than 100. D) negative. E) less than the GDP price index in 2012.
Economics
If a customs union leads to a large amount of trade creation relative to trade diversion, it may be beneficial to world welfare
Indicate whether the statement is true or false
Economics