Which of the following is true about banks? Select one: a. Banks are financial institutions through which savers can directly provide funds to borrowers. b. Typically, banks receive few but big deposits, which they then use to make many small loans. c. Through the checking accounts they facilitate, banks provide a medium of exchange. d. The interest rate banks charge when they lend is the same they pay for the deposits they receive.

Which of the following is true about banks? Select one: a. Banks are financial institutions through which savers can directly provide funds to borrowers. b. Typically, banks receive few but big deposits, which they then use to make many small loans. c. Through the checking accounts they facilitate, banks provide a medium of exchange. d. The interest rate banks charge when they lend is the same they pay for the deposits they receive.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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