Banks create money when they
A. add to their reserves in the Federal Reserve Bank.
B. accept deposits of cash.
C. sell government bonds.
D. exchange demand deposits for loans to businesses and individuals.
D. exchange demand deposits for loans to businesses and individuals.
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Which of the following is an example of an institution whose primary concern is global stability?
A) NAFTA (North American Free Trade Agreement) B) OPEC (Oil Producing and Exporting Countries) C) IMF (International Monetary Fund) D) Mekong River Commission E) Asian Development Bank
If the given profit-maximizing monopolist is able to price discriminate, charging each customer the price associated with each given level of output, how much profit will the firm earn?
A. $120.
B. $250.
C. $300.
D. $420.