Which of the following describes a characteristic of banks? O a) Banks are the only type of financial intermediaries in the financial markets. O b) Banks are private firms that accept deposits and extend loans. OC) Banks have been owned by the government since the Great Depression. O d) Banks are savers looking for opportunities to earn a return on their savings. O e) Banks complicate the connection between borrowers and savers.

Which of the following describes a characteristic of banks? O a) Banks are the only type of financial intermediaries in the financial markets. O b) Banks are private firms that accept deposits and extend loans. OC) Banks have been owned by the government since the Great Depression. O d) Banks are savers looking for opportunities to earn a return on their savings. O e) Banks complicate the connection between borrowers and savers.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Banking And The Money Supply

Section: Chapter Questions

Problem 2.2P

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