When banks have deposits in checking accounts with the Fed, these deposits for the bank are __________________ of the commercial bank   a. Liabilities   b. Assets   c. Net Worth   d. Equity

05 Financial institutions Multiple Choice promote innovation and new products. collect fees from small businesses. match Angel investors with Small Business Administration loans. collect income tax revenue.

It tells me these are not correct either

Bank credit creation is seen by Werner as a reason for the Japanese economic boom in the 80’s and subsequent collapse in the 90’s, and generally boom bust cycles occur, because, (a) Banks were merely intermediaries, taking deposits and giving loans, causing the rise and fall. (b) “Good” debt from asset lending allowed banks to lend to the real sector increasing nominal GDP, when asset prices fell, the “bad” debt caused banks to withdraw credit to the real sector causing a recession. (c) Banks lent heavily to assets, causing asset prices to rise and then withdrew credit from assets causing a collapse (d) Both (b) and (c) (e) All of the above