In 2017,some Banks in Europe Had to Make Interest Payments

question 19

Multiple Choice

In 2017,some banks in Europe had to make interest payments to borrowers rather than receive interest payments from borrowers.Which of the following statements describes this situation?

• A)For these banks,the loans increased required reserves.
• B)These banks were receiving negative nominal interest rates on these loans.
• C)For these banks,the loans were liabilities instead of assets.
• D)All of the above are correct.

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Definitions:

Rainbow Coalition

A political alliance or movement aiming at social justice and civil rights, originally founded by Jesse Jackson in the 1980s, emphasizing diversity and inclusion.

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Individuals or groups that provide the base level of support for a movement or organization, often working voluntarily or with minimal organization at the local level.

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A large gathering in Washington D.C. in 1995 aimed at promoting African American unity and family values.

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A prominent African American religious leader and the head of the Nation of Islam, known for his controversial views and activism.