Which of the following statements about checkable deposits is correct?
A) Checkable deposits are a larger fraction of banks' funds today than in 1973.
B) Checkable deposits are a smaller fraction of banks' funds today than in 1973.
C) All checkable deposits pay interest.
D) No checkable deposits pay interest.
B
Economics
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The financing of government spending by issuing debt
A) causes both reserves and the monetary base to rise. B) causes both reserves and the monetary base to decline. C) causes reserves to rise, but the monetary base to decline. D) has no net effect on the monetary base.
Economics
The "Great Moderation" refers to ________
A) sharp declines in asset prices B) the long economic expansion of the 1960s C) the mild economic recoveries of the 1970s and early 1980s D) the "oil tax" of the 1970s E) none of the above
Economics