ect TWO true statements about money. ect one or more: a. Base money is equal to cash plus commercial bank reserves with the central bank b. Cash is a liability of the central bank c. If a commercial bank makes a loan and credits the borrower's current account, then base money increases d. Commercial bank reserves with the central bank appear as a liability in their balance sheets
ect TWO true statements about money. ect one or more: a. Base money is equal to cash plus commercial bank reserves with the central bank b. Cash is a liability of the central bank c. If a commercial bank makes a loan and credits the borrower's current account, then base money increases d. Commercial bank reserves with the central bank appear as a liability in their balance sheets
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
Section: Chapter Questions
Problem 12PA
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