For the following statements, state Agree or Disagree. And provide brief explanations.

a) More than half of the money issues by the government is actually held by people in foreign countries. Australia is hence less than half as wealthy as government statistics indicate’. b) Assets are things of value people own. Liabilities are debts. Hence, a bank will always consider a deposit in the account as an asset and a car loan as liability.

c) In 2010 hundreds of thousands of jobs were eliminated from the Australian economy. This means that unemployment rate must have risen.

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a Its false because the money held by people in fo... View the full answer