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Author Question: Fractional reserve banking (a) destroys money. (b) requires banks to engage in 100 percent of ... (Read 31 times)

mpobi80

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on: Jun 30, 2018
Fractional reserve banking
 
  (a) destroys money.
  (b) requires banks to engage in 100 percent of total banking activities.
  (c) allows banks to create money while requiring them only to hold a fraction of money.
  (d) all of the above.

Question 2

A tariff is which type of tax?
 
  (a) Progressive
  (b) Regressive
  (c) Proportional
  (d) Neutral


wfdfwc23

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

(c)

Answer to Question 2

(b)


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