Need help with macroeconomics Label each statement as either \"True\" or \"False
ID: 1195750 • Letter: N
Question
Need help with macroeconomics
Label each statement as either "True" or "False" below. In the United States, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals Banks typically loan out a portion of customer deposits Bank runs occur when many customers attempt to withdraw deposits from the bank at once, and the bank is unable to pay all customer deposits. The Federal Deposit Insurance Corporation protects bank deposits from bank failure. The fractional reserve banking system requires all banks to keep the total value of customer deposits in the bank vault to prevent bank runs. False TrueExplanation / Answer
Answer to 1st blank: False
Answer to 2nd blank: True
Answer to 3rd blank: True
Answer to 4th blank: True
Answer to 5th blank: False
Answer to 6th question: Between savers & borrowers
Answer to 7th question: The amount of reserves a bank must keep on deposits at the FED or in their vaulton a given deposit