The total assets of commercial banks in 2018 amounted to about Multiple Choice three times nominal GDP in the United States. one-half of nominal GDP in the United States. one-tenth of nominal GDP in the United States. four-fifths of nominal GDP in the United States.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
Section: Chapter Questions
Problem 1QP: How much money did you make last year? What is wrong with that statement?
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The total assets of commercial banks in 2018 amounted to about

Multiple Choice

  • three times nominal GDP in the United States.

  • one-half of nominal GDP in the United States.

  • one-tenth of nominal GDP in the United States.

  • four-fifths of nominal GDP in the United States.

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