The fractional reserve system allows banks to create money by making loans based on the quantity of demand deposits they have

A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5 . Eleven sellers are also willing to sell at the same prices. If the market maker wants to make three transactions, what should he ask (the buyers)

a. $12 b. $13 c. $14 d. $15

Property taxes are:

A. Collected primarily at the Federal level B. The largest source of tax revenue for local governments C. The primary source of Federal revenue sharing funds D. Used primarily by states to finance state welfare programs