True/False
If all banks are loaned up and so will not make further loans, a $1,000 deposit creates $1,000 in new money.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q317: Fiat money refers to a monetary system
Q318: Refer to the information provided in Figure
Q319: Refer to the information provided in Figure
Q320: Suppose the required reserve ratio is 20%.
Q321: Assume that all commercial banks are loaned
Q323: On an unsecured loan, your bank will
Q324: Excess reserves in a bank are the
Q325: Brad details cars and Angelina babysits. Angelina
Q326: Only the required reserve ratio determines how
Q327: Money is<br>A) the same as income.<br>B) anything