The hope of "Reaganomics"—that ending inflation will stimulate economic growth—is supported by the experience of 1945–49

If the money supply in an economy is $100,000, currency in circulation is $50,000, amount in savings accounts is $18,000, travelers' checks is $12,000, and the amount in money market accounts is $9,000,

then what is the amount held in checking accounts in the economy?

When you deposit funds in a bank and then the bank lends these funds to a borrower, the bank is engaged in

A) fiduciary investment. B) fraudulent behavior. C) universal banking. D) financial intermediation.