Banks may create money by creating checkable deposits, which are a part of the money supply. Group of answer choices True False The desired reserve ratio in each bank must be less than required reserve ratio. Group of answer choices True False Overnight repurchase agreements belongs to Group of answer choices M1 only Neither M1 nor M2 M1 and M2 M2 only The true cost of borrowing is the nominal interest rate. Group of answer choices True False