ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Select TWO true statements about money.
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
O d. Commercial bank reserves with the central bank appear as a liability in their balance sheets
a.
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Transcribed Image Text:Select TWO true statements about money. 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 O d. Commercial bank reserves with the central bank appear as a liability in their balance sheets a.
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