Which of the Following Is True for U.S.banks

question 44

Multiple Choice

Which of the following is true for U.S.banks?

• A) Banks must keep only a fraction of total deposits as reserves.
• B) Banks create money by printing it.
• C) Banks are allowed to lend as much money as they choose.
• D) Banks transfer money from spenders to savers.

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Definitions:

Recognition

The act of acknowledging or giving official status to something or someone, often as a form of validation or appreciation.

Language Barriers

Obstacles to communication that occur due to differences in language between the communicating parties.

Fluent

The ability to express oneself easily and articulately in a particular language or activity.

Repatriation

The process of returning an individual to their country of origin or citizenship, often used in the context of employees returning from international assignments.