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Business, 25.04.2020 00:32 robert7248

Which of the following is true? a. reserves times the required reserve ratio equals deposits. b. M2 includes M1, plus saving accounts, time deposits (except for some large-denomination certificates of deposits), and money market mutual funds. c. Money is destroyed when banks make loans. d. Checking account deposits and time deposits constitute assets of banks.

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Which of the following is true? a. reserves times the required reserve ratio equals deposits. b. M...
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