Which of the following is a reason that banks are so heavily regulated? a) governments are concerned about the safety of deposits the industry is a principal determinant of aggregate demand bank failures are contagious all of these responses are correct

MACROECONOMICS FOR TODAY
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ISBN:9781337613057
Author:Tucker
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Chapter15: Money Creation
Section: Chapter Questions
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Which of the following is a reason that banks are so heavily regulated?
a) governments are concerned about the safety of deposits
the industry is a principal determinant of aggregate demand
bank failures are contagious
all of these responses are correct
Transcribed Image Text:Which of the following is a reason that banks are so heavily regulated? a) governments are concerned about the safety of deposits the industry is a principal determinant of aggregate demand bank failures are contagious all of these responses are correct
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