Macroeconomics
13th Edition
ISBN: 9781337617390
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 12, Problem 14QP
To determine
Explain the financial system.
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What are the main functions of banks? Explain the role played by commercial banks in the economic development of a country.
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Identify which item is not one of the six parts of the financial system.
a. Credit cards
b. Financial institutions
c. Central banks
d. Financial markets
Chapter 12 Solutions
Macroeconomics
Ch. 12.2 - Prob. 1STCh. 12.2 - Prob. 2STCh. 12.2 - Prob. 3STCh. 12.3 - Prob. 1STCh. 12.3 - Prob. 2STCh. 12.3 - Prob. 3STCh. 12.4 - Prob. 1STCh. 12.4 - Prob. 2STCh. 12.4 - Prob. 3STCh. 12 - How much money did you make last year? What is...
Ch. 12 - Prob. 2QPCh. 12 - Prob. 3QPCh. 12 - Prob. 4QPCh. 12 - Prob. 5QPCh. 12 - Prob. 6QPCh. 12 - Prob. 7QPCh. 12 - Prob. 8QPCh. 12 - Prob. 9QPCh. 12 - Prob. 10QPCh. 12 - Prob. 11QPCh. 12 - Prob. 12QPCh. 12 - Prob. 13QPCh. 12 - Prob. 14QPCh. 12 - Prob. 15QPCh. 12 - Prob. 16QPCh. 12 - Prob. 17QPCh. 12 - Prob. 1WNGCh. 12 - Prob. 2WNGCh. 12 - Prob. 3WNGCh. 12 - Prob. 4WNGCh. 12 - Prob. 5WNGCh. 12 - Prob. 6WNGCh. 12 - Prob. 7WNGCh. 12 - Prob. 8WNGCh. 12 - Prob. 9WNGCh. 12 - Prob. 10WNG
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- Identify two financial intermediaries. What are their respective functions? What are their major roles in the economy?arrow_forwardWhy is capital adequacy more of a problem for commercial banks than for most other businesses?arrow_forwardwhat is the relationship between depositors and Islamic bankss in different countries?arrow_forward
- Identify which item is not one of the six parts of the financial system. Answer a. Credit cards b. Financial institutions c. Central banks d. Financial marketsarrow_forwardWhat are the roles of banks in the financial system?arrow_forwardBriefly explain the benefits of having a thriving capital markets even in an economy like India where banking system provides most of the funding to firms.arrow_forward
- If many people keep their savings in the piggy banks, it does not help the financial system to function efficiently. *True or False?arrow_forwardEuropean banks began with which of the following? a) Monarchs were the first bankers, lending out cash to help the poor learn a craft. b) Churches were the first bankers, lending out cash to help the poor learn a craft. c) Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money. d) Fishermen were the first bankers, and the paper receipts they issued for fish they stored in the hulls of their ships became valued as money.arrow_forwardPlease discuss the global issues associated with banking system. What are some factors that a bank must consider before expanding internationally?arrow_forward
- what is a centeral bankarrow_forwardWhich of the following is TRUE about interest rates offered by financial Intermediaries? *A.The interest rates issued by financial intermediaries are standard across different financial institutions.B. Interest rates paid by DSUs are lower and SSUs are paid with higher interest rates.C. Interest rates issued by financial intermediaries are based solely on the issuance of central banks.D. Interest rates paid to SSUs are lower compared to the interest they collect to DSUs.arrow_forward
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