In a fractional-reserve banking system, banks create money because:
a) each dollar of reserves generates many dollars of demand deposits.
b) banks have the legal authority to issue new currency.
c) funds are transferred from households wishing to save to firms wishing to borrow.
d) the wealth of the economy expands when borrowers undertake new debt obligations.

In microeconomics, the point at which supply and demand meet is called the blank price

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.

Rahm's credit card issuer calculates interest based on the outstanding balance at the end of the last billing period. what is this method of calculating interest on a credit card called?