If people refused to use banks to create checkable deposits, the banking system would:___.

Question

03-08-2022
Business

Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

If people refused to use banks to create checkable deposits, the banking system would:___.

Sagot :

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.

Which groups of Native Americans were involved in conflicts in Texas? a. Cheyenne and Arapaho c. Comanche and Sioux b. Comanche and

Travel accommodations for most immigrants to the United States a. were in first class steamship cabins. c were dirty, crowded, and unhealthy. b. allowed them t

-Rewriting sentences: Rewrite the sentence in the correct format. Example: The horses tails were festooned with ribbons The horses' tails were festooned with ri

What was Nerva greatest accomplishments

mazy is loooking for his bow and discovers that has 20 shirts for every 2 pair of bows. if his has 50 shirts, how many pairs f bows does he have?

Every successful narrative presentation includes. A. Correct punctuation and capitalization, B. A clear thesis statement, C. Good eye contact with the audience,

What was one of the dangers of living in a tenement? a. Tenements were owned by landlords that lived in areas that were far away. b. Families had

Which of the following most accurately describes agriculture in the South after the Civil War? a. dominated by cotton. c. dominated by toba

Whites accused Chinese workers on the West Coast of a. taking “white” jobs. c. destroying “Oriental” schools. b. claiming the best l

Which of the following is an example of the absolute threshold? a. Dimitri turns down the shower because it is too hot. b. Sam recognizes that the restaurant li

smecloudbird17 smecloudbird17 · Answer 1 · 2022-08-17T04:58:14-04:00

If people refused to use banks to create checkable deposits, the banking system would not be able to create new money.

Checkable deposits include all accounts on which checks can be drawn. These deposits allow the owner of bank account to write checks to third parties. Also, they are very liquid assets that allow depositors to have an easy access to their funds.

For these reason, checkable deposits generally are important but also one of the lowest-cost source of bank funds, covering a large share of bank liabilities. Thus, banks create money by lending excess reserves to consumers and businesses.

Hence, if people refused to use banks to create checkable deposits, the money multiplier decreases.

To learn more about Checkable deposits here:

https://brainly.com/question/15867820

#SPJ4

Sagot :

Other Questions