Author Question: At any point in time, a single bank can loan an amount equal to A) its excess reserves. B) its ... (Read 92 times)

Redwolflake15 · **on:** Jun 29, 2018

At any point in time, a single bank can loan an amount equal to

A) its excess reserves.
B) its required reserves.
C) its government securities.
D) the amount of loans the bank made in the past.
E) its total reserves.

Question 2

Interest is ultimately

A) any return on investment.
B) the price of money.
C) unearned income.
D) the difference between the subjective value of a good now and a good later.