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Author Question: Banks create money when they make loans. a. True b. False Indicate whether the statement is true ... (Read 67 times)

HCHenry

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on: Jun 30, 2018
Banks create money when they make loans.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the required reserve ratio is 4 percent, then 100 of reserves can support up to 2,500 of checkable deposits.
 a. True
  b. False
  Indicate whether the statement is true or false


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recede

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


HCHenry

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jordangronback

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Reply 3 on: Yesterday
Excellent

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