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One of the essential functions that a bank performs is A. purchasing government bonds. B. creating deposits by lending required reserves. C. transferring money from savers to lenders. D.
owning assets like real estate.
B. creating deposits by lending required reserves.
Expert answered|gieokhae|Points 182|
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Asked 4/14/2013 7:37:23 PM
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In the long run A. price and output levels are mutually dependent. B. the level of output depends on the price level. C. the level of output is independent of the price level. D. the price level depends on the level of output.
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