Fractional reserve banking takes its name from the fact that banks
a. hold only a fraction of their reserves at the bank itself.
b. keep only a fraction of their total deposits on reserve.
c. lend only a fraction of their total reserves to customers.
d. reserve only a fraction of their activity for lending.
b
Economics
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From 2004 to 2008, the federal budget deficit, on an official fiscal-year basis was
a. large and growing larger. b. "negative," that is, the budget was in surplus. c. declining. d. increased by the rising Social Security deficit.
Economics
The poverty rate in the United States was:
A. 12 percent in 2011. B. higher in 2011 than in 1960. C. about the same in 2011 as in 1993. D. nearly 20 percent in 2011.
Economics