Banks perform two essential functions for the macro economy: ______.

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asked Apr 28, 2024 149k views

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LMH · Answer 1 · 2024-05-03T06:13:31+0000

Answer:

Banks transfer money from savers to spenders. And, the banking system creates additional money by making loans in excess of total (system) reserves.

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Banks perform two essential functions for the macro economy: ______.

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