Answer Happy

For all the questions below select the appropriate answer: a) The distinction between commercial banks and other financial institutions like insurance companies and mortgage brokers and investment companies is that: O commercial banks maintain large, ornate banking offices to serve their customers. commercial banks provide their customers with ATM access to cash. commercial banks make loans to their customers. O commercial bank liabilities are used as money by their customers. b) Interest Mo M₁ rate 0 Mo M₁ Money supply The diagram illustrates money supply functions for a particular country. The shift in the money supply function from Mo to M₁ in the diagram would be the result of: O an increase in real GDP based on increased exports. O a decrease in the monetary base. O a decrease in the public's cash ratio in response to tranquility in financial markets. an increase in bank desired reserve ratios in response to instability in financial markets. c) An asset that serves as a store of value and a unit of account but not as a medium of exchange is called: token money. commodity money. near money. paper money.