Tell whether if the statement is true or false.

Changes in the money supply have no bearing on the interest rate, and thus the cost of borrowing money. *

The BSP is a bank that issues paper money and does not keep deposits from banks or the government. *

Higher interest rates will reduce investment since borrowing money becomes more affordable, as well as consumption because consumers will likely to save more as interest rates rise. *

The purchasing power of a loan's principal increases as inflation rises.

Higher interest rates make it more expensive for investors to invest in capital projects and for consumers to buy later rather than sooner. *

Without money, the industry and trade that underpin modern economies would grind to a standstill, yet wealth would continue to travel around the globe. *

Financial markets that are well-functioning are a significant factor in generating high economic growth, while highly-functioning financial markets are one of the reasons why many countries around the world stay impoverished. *

Financial institutions lower transaction costs, prohibit sharing, and address issues like as unfavorable relation and moral hazard. *

Governments, financial organizations, and other enterprises from all over the world do not need to be involved in the payments system. *

In the long run, historical data implies that the pace of money growth and the rate of inflation are not positively associated. *