【曼昆 宏观经济学 经典】Mankiw 5e Chapter 18.pdfVIP

Mankiw 5e Chapter 18 Consider the following balance sheet of First Savings Bank of Holland, Michigan. Assets Liabilities Reserves $1,000 Deposits $1,000 First Savings Bank is obviously engaged in A. fractional reserve banking. B. 100-percent-reserve banking. C. central banking. D. financial intermediation. 1 out of 1 Correct. The answer is B. Since the bank holds all of its deposits as reserves, it is engaged in 100-percent-reserve banking. See Section 18- 1. The total amount of dollars being held by the public as currency and by the banks as