In a System of 100-Percent-Reserve Banking

question 49

Multiple Choice

In a system of 100-percent-reserve banking,

• A)banks do not make loans.
• B)currency is the only form of money.
• C)deposits are banks' only assets.
• D)All of the above are correct.

---

Definitions:

Explanations

Reasonings given to clarify how or why something happens or is done, providing understanding into the cause-and-effect relationships or mechanisms behind events.

Evolutionary Psychology

A theoretical approach in psychology that explains human thoughts and behaviors as adaptations, evolved to solve problems of survival and reproduction.

Evolutionary Psychology

A theoretical approach in psychology that seeks to explain mental and psychological traits—such as memory, perception, or language—as adaptations, i.e., as the functional products of natural selection.

Evolutionary Psychology

A theoretical approach in psychology that examines mental and psychological traits—such as memory, perception, or language—as adaptations, i.e., as the functional products of natural selection.