CLEP Economics Exam Prep

Category - Economics

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What happens to most of the money deposited in checking accounts at a commercial bank?

It is used to pay the bank's expenses.
It is loaned to other bank customers.
It is kept in the bank's vault until depositors withdraw the funds.
It is paid to owners of the bank as return on their investment.

Explanation

Answer: B - It is loaned to other bank customers money deposited in checking accounts at a commercial bank.

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