Banks create money whenever they
A) accept a deposit.
B) lend excess reserves to a borrower.
C) receive monthly payments on their loans.
D) receive interest on existing loans.
B
Economics
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Economic rent is defined as
a. the opportunity cost of a resource b. the payment to a resource in excess of its opportunity cost c. opportunity cost d. total earnings e. the part of a homeowner's housing that is included in GDP accounts
Economics
The rate at which a consumer is willing to exchange one good for another while maintaining a constant level of satisfaction is called the
a. relative expenditure ratio. b. value of marginal product. c. marginal rate of substitution. d. relative price ratio.
Economics