Multiple Choice
Which of the following statements is not correct?
A) The actual cash reserves of a chartered bank equal its excess plus its desired reserves.
B) A bank's assets plus its net worth equal its liabilities.
C) When borrowers repay bank loans, the supply of money is reduced.
D) A single chartered bank can safely lend an amount equal to its excess reserves.
Correct Answer:
Verified
Correct Answer:
Verified
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