Commercial banks can create money in the following ways
Commercial banks can create money in the following ways
By issuing coins and paper money
By borrowing money from Banks abroad
By receriving deposits from individuals
By printing money on the instructions of the Central Bank
None of the above
Correct answer is E
No explanation has been provided for this answer.
Similar Questions
In an inflationary period which of the following statements is NOT true? ...
When the value of a nation’s export is greater than its imports ...
The effectiveness of devaluation as a solution to a balance of payments problem depends on the ...
Diminishing return occurs in short run when there is a reduction in the ...
The decision to consume more of one product will under normal circumstances imply that ...
The reward for a shareholdership of a company is ...
In a mixed economy, decisions to produce are taken by ...
At any given level of output, a firm's total variable cost equals ...
The Nigerian economy is mono-cultural because government revenue is derived mainly from ...