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WAEC Economics 2011 Question 41

Question 41

Money and Inflation

Deposits held in a commercial bank are part of

  1. A.money supply.
  2. B.transfer payments.
  3. C.ordinary shares.
  4. D.treasury bills.
Show the answer and explanation

Answer: A (money supply.)

Explanation

Bank deposits, together with currency, make up the money supply.