Question:

For each of the statement below, assess whether the statement is TRUE,FALSE or UNCLEAR.Provide an explanationwith illustration and/or example of why this is the case.

(a) An item held as an asset by an entity is the liability or equity of another entity.

(b)Banks can create money through their expenses.

(c)If an individual gives a loan to another individual, the process isdirect finance.

(d) Securitizingloans brings bank deposits to the originator.