In a System of 100-Percent-Reserve Banking

question 43

Multiple Choice

In a system of 100-percent-reserve banking,

• A)banks do not accept deposits.
• B)banks do not influence the supply of money.
• C)loans are the only asset item for banks.
• D)All of the above are correct.

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Definitions:

Intrinsic Rewards

The personal satisfaction and enjoyment felt after attaining a goal.

Extrinsic Rewards

Benefits and/or recognition received from someone else.

Benefits

The advantages or positive outcomes received from a product, service, policy, or employment, such as health insurance, job satisfaction, or convenience.