Depository institutions do all the following EXCEPT
A) minimize the cost of obtaining funds.
B) create liquidity.
C) pool risks.
D) create required reserve ratios.
D
Economics
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Rational expectations theory implies that the more completely the effects of policy makers are foreseen, the smaller their short run effects on real output and unemployment, and the greater their short run effects on the price level
a. True b. False Indicate whether the statement is true or false
Economics
To the economist, total cost includes:
A. explicit and implicit costs. B. neither implicit nor explicit costs. C. implicit, but not explicit, costs. D. explicit, but not implicit, costs.
Economics