Answered: Demand deposits are moneya a.…

Demand deposits are moneya a. Liabilities of the central bank. b.Assets of commercial banks. c.Assets of the central bank. d.Liabilities of the commercial banks.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Money Growth And Inflation

Section: Chapter Questions

Problem 4CQQ

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Question

Demand deposits are moneya

a. Liabilities of the central bank.

b.Assets of commercial banks.

c.Assets of the central bank.

d.Liabilities of the commercial banks.

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