Q92
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
A.
will decrease
B.
will increase
C.
will neither increase nor decrease
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
Solution:
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits will neither increase nor decrease.