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3. Fractional reserve banking Which of the following statements about financial institutions in the U.S. are correct? Check all that apply. 0 0 Commercial banks are the largest type of financial institution. The customers of commercial banks are primarily looking to finance major consumer purchases. Financial institutions are intermediaries between savers and borrowers. The public does not have direct access to financial institutions.

3. Fractional reserve banking Which of the following statements about financial institutions in the U.S. are correct? Check all that apply. 0 0 Commercial banks are the largest type of financial institution. The customers of commercial banks are primarily looking to finance major consumer purchases. Financial institutions are intermediaries between savers and borrowers. The public does not have direct access to financial institutions.

ECON MACRO
ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Money And The Financial System
Section: Chapter Questions
Problem 2.7P
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3. Fractional reserve banking Which of the following statements about financial institutions in the U.S. are correct? Check all that apply. 0 0 Commercial banks are the largest type of financial institution. The customers of commercial banks are primarily looking to finance major consumer purchases. Financial institutions are intermediaries between savers and borrowers. The public does not have direct access to financial institutions.
Transcribed Image Text:3. Fractional reserve banking Which of the following statements about financial institutions in the U.S. are correct? Check all that apply. 0 0 Commercial banks are the largest type of financial institution. The customers of commercial banks are primarily looking to finance major consumer purchases. Financial institutions are intermediaries between savers and borrowers. The public does not have direct access to financial institutions.
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