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    Principles of Macroeconomics Study Set 8
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    Exam 16: The Monetary System: Banks and the Money Supply
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    In a System of 100-Percent-Reserve Banking
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In a System of 100-Percent-Reserve Banking

Question 49

Question 49

Multiple Choice

In a system of 100-percent-reserve banking,


A) banks do not make loans.
B) currency is the only form of money.
C) deposits are banks' only assets.
D) All of the above are correct.

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