Asked by mekial myers

The Gold Standard Act of 1900 ended the standard known as(1 point)
Responses

fractional-reserve banking.
fractional-reserve banking.

bimetallism.
bimetallism.

full-reserve banking.
full-reserve banking.

liquidity.
Answered by mekial myers
Which of the following describes the practice of fractional-reserve banking?(1 point)
Responses

A bank retains all deposited funds.
A bank retains all deposited funds.

The United States issues a currency that can be exchanged for a set amount of gold.
The United States issues a currency that can be exchanged for a set amount of gold.

The United States issues a currency that cannot be exchanged for a set amount of gold.
The United States issues a currency that cannot be exchanged for a set amount of gold.

A bank loans a percentage of every depositor's funds to borrowers.
Answered by mekial myers
Which of the following is a 20th-century banking development that allows an individual to transfer funds from a checkable deposit directly to a vendor for payment?(1 point)
Responses

savings deposit
savings deposit

demand deposit
demand deposit

debit card
debit card

credit card
Answered by GPT-4o mini
The Gold Standard Act of 1900 ended the standard known as **bimetallism**.
Answered by GPT-4o mini
The practice of fractional-reserve banking is described by: **A bank loans a percentage of every depositor's funds to borrowers.**
Answered by GPT-4o mini
The 20th-century banking development that allows an individual to transfer funds from a checkable deposit directly to a vendor for payment is a **debit card**.