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Deposit held in a commercial bank are part of

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Economics WAEC 2011

Deposit held in a commercial bank are part of

  • money supply checkmark
  • transfer payments
  • ordinary shares
  • treasury bills

The correct answer is: A

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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