Banks use ______ to make loans to borrowers.
a. primary reserves
b. secondary reserves
c. excess reserves
d. reserve requirements
c. excess reserves
Economics
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Unanticipated inflation benefits
A) people or businesses who owe funds. B) people or businesses who lend funds. C) people who live on a fixed income. D) people with CDs (certificates of deposits) in the bank.
Economics
When taxes depend on income, a higher tax rate implies a higher government spending multiplier.
Answer the following statement true (T) or false (F)
Economics