When banks gain ________, they can ________ their loans; and the money supply ________
A) withdrawals; increase; expands B) reserves; increase; expands
C) withdrawals; decrease; expands D) reserves; increase; contracts
B
Economics
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Which of the following CORRECTLY describes the new classical cycle theory of the business cycle
A. An expected tax rate change can trigger a business cycle.
B. An unexpected change in the quantity of money can trigger a business cycle.
C. Rational expectations keep the money wage from changing quickly.
D. An unexpected change in the price of oil can trigger a business cycle.
Economics
Many online auctions end when a certain amount of time has gone by without a bid. This causes bidders to place several last-minute bids. This practice is known as ________
A) sniping B) jump bidding C) nonforcing D) signing off
Economics