Money is destroyed when:
A. loans are made.
B. checks written on one bank are deposited in another bank.
C. loans are repaid.
D. the net worth of the banking system declines.
C. loans are repaid.
Economics
You might also like to view...
Traffic congestion is an example of a negative externality because
A) motorists take into account all benefits while driving. B) motorists take into account all costs while driving. C) a motorist's cost of driving spills over and affects other motorists. D) a motorist's benefit from driving spills over and affects other motorists.
Economics
Under rent control, tenants can expect
a. lower rent and higher quality housing. b. lower rent and lower quality housing. c. higher rent and a shortage of rental housing. d. higher rent and a surplus of rental housing.
Economics