Asked by John

Banks create money whenever they:

A: accept a deposit.
B: receive monthly payments on their loans.
C: receive interest on existing loans.
D: lend excess reserves to a borrower.
Answered by Ms. Sue
What have you learned from your text?
Answered by John
Text suggest both choices A and D are true.
Answered by Ms. Sue
I vote for D.
Answered by John
Thank you! Was unclear due to the suggestion that choice A is the first step leading to choice D.
Answered by Ms. Sue
You're welcome.
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