Question

inline Mid-session Test - Due January 20, 2020 11:59PM / Online Mid-session Test Question 9 Not yet answered When a bank makes a loan by crediting the borrower's cheque account balance with an amount equal to the loan: Marked out of 1.00 Select one: a. the bank immediately loses reserves Remove flag b. money is destroyed c. the bank gains new reserves d. money is created Next page Previous page Accessibility Site Map Copyright & Disclaimer Privacy Content & Social Media Disclaimer Academic Integrity You are logged in as Chi Zhang (Log out) UNSW staff and students experiencing difficulties using Moodle? Contact External TELT Support for assistance Email: [email protected] Internal: 53331 External: 9385 3331 International: +61 2 9365 3331

Answer 1

Question 9

When a bank makes a loan by crediting the borrower's cheque account balance with an amount equal to loan

Answer: D  money is created