Ask Question
26 August, 14:31

Based on the diagram, which example describes how a bank injects money into the economy? A bank opens a savings account for a customer. A bank approves a mortgage for a customer. A bank buys a company's rapidly growing stock. A bank buys property in a bustling business district.

0
Answers (2)
  1. 26 August, 15:03
    0
    Answer: A bank approves a mortgage for a customer.

    Explanation: Banking sector provides loans and other financial services to the households and businesses in a circular flow diagram. The households and businesses also put their savings into the banking sector. In this case, the bank approves a mortgage for a customer thus, offering them money in return. The customer use this money for performing other spending activities.
  2. 26 August, 15:37
    0
    Bank approves mortgage for a customer

    Explanation:

    just took test
Know the Answer?