Fractional reserve banking (a) destroys money. (b) requires banks to engage in 100 percent of ...

Author Question: Fractional reserve banking (a) destroys money. (b) requires banks to engage in 100 percent of ... (Read 87 times)

mpobi80

Hero Member
Posts: 519

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

Sr. Member
Posts: 338

Reply #1 on: Jun 30, 2018

Answer to Question 1

(c)

Answer to Question 2

(b)

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