Select TWO true statements about money. a. Base money is equal to cash plus commercial bank reserves with the central bank O b. Cash is a liability of the central bank O c. If a commercial bank makes a loan and credits the borrower's current account, then base money increases I d. Commercial bank reserves with the central bank appear as a liability in their balance sheets

Select TWO true statements about money. a. Base money is equal to cash plus commercial bank reserves with the central bank O b. Cash is a liability of the central bank O c. If a commercial bank makes a loan and credits the borrower's current account, then base money increases I d. Commercial bank reserves with the central bank appear as a liability in their balance sheets

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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