If Fractional Reserve Banking Exists,then

question 32

Multiple Choice

If fractional reserve banking exists,then:

• A)banks need only keep a portion of each deposit on hand.
• B)the money multiplier is greater than 1.
• C)money can be created in the economy through banks.
• D)All of these are true.

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Definitions:

Unaccountable Consumerism

A critique of consumer behavior that stresses the lack of responsibility in the excessive acquisition of goods, disregarding the environmental and social consequences.