Question: Which is the correct answer and why? (And why are the other options incorrect?) Which of the following statements is correct? Select one: a. Money

Which is the correct answer and why? (And why are the other options incorrect?)

other options incorrect?) Which of the following statements is correct? Select one:

Which of the following statements is correct? Select one: a. Money created by banks is an asset on their balance sheet. Ob. Base money includes accounts held by households and businesses at commercial banks. O C. Not all of broad money is legal tender. O d. The majority of money is legal tender issued by the central bank

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