Deposit held in a commercial bank are part of
ECONOMICS
WAEC 2011
Deposit held in a commercial bank are part of
- A. money supply
- B. transfer payments
- C. ordinary shares
- D. treasury bills
Correct Answer: A. money supply
Explanation
Commercial bank refers to a financial institution that accepts deposits, offers cheque account services, makes various loans etc. The deposits of commercial banks make up part of the money supply in an economy, which is the total amount of money in circulation or in existence in a country
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