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Banks make a profit by paying depositors a high rate to attract funds and making loans at

Banks make a profit by paying depositors a high rate to attract funds and making loans at a low rate to encourage borrowing." Is the previous statement correct or not?

 

15) "Banks hold 100 percent of their customers' deposits as reserves." Is the previous statement correct or not?

 

16) What are the economic functions of depository institutions?

17) List and discuss the four economic functions that depository institutions provide their customers.

Dec 10 2019 View more View Less

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