Money is created by
A) government taxation.
B) banks taking in deposits.
C) banks making loans.
D) banks paying for depositor's insurance.
C
Economics
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When Starbucks accepts your $10 bill for two Grande Lattes and one Tall Caramel Macchiato, the $10 bill serves as a
A) medium of exchange. B) store of value. C) standard of value. D) commodity money.
Economics
If a $100 billion decrease in investment spending causes income to decline by $100 billion the first round of the multiplier process and by $75 billion in the second round, income will eventually decline by:
A. $200 billion. B. $300 billion. C. $400 billion. D. $500 billion.
Economics