Author Question: Fractional reserve banking (a) destroys money. (b) requires banks to engage in 100 percent of ... (Read 69 times)

mpobi80

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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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Answer to Question 1

(c)

Answer to Question 2

(b)



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