ompleted the exam are prepared to hand it in for grading. hould you have any que

Question

ompleted the exam are prepared to hand it in for grading. hould you have any questions/problems during the exam, please send them to e via email to my email address ONLY at jaypatyk@aol.com I will try to respon o you as quickly as possible. Take care and good luck on the exam! D |??11 2 3 If commercial banks did not extend loans: O no one could create money. Oonly commercial banks could create money. only the central bank (the Federal Reserve) could create money. e both commercial banks and the central bank (the Federal Reserve) could create money. ??? ???. 27 MacBoolk

Explanation / Answer

The correct choice is :- Only the central bank could create money

Explanation:- Commercial banks create money in the process of borrowing and lending from the public and when commercial banks do not extend loans they loose the power to create money.

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