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Assume the Standard Internet Company negotiates a loan for $5,000 from the Metro National Bank and receives a checkable deposit for that amount in exchange for its promissory note (IOU). As a result of this transaction:
A. the supply of money declines by the amount of the loan.
B. the supply of money is increased by $5,000.
C. the Metro Bank acquires reserves from other banks.
D. a claim has been "demonetized. "
ECO 561 UOP Final Exam University of Phoenix
Eco561 Eco/561 Final Examination Exam multiple choice quiz
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