C1 - Critical writing For each of the statements below, assess whether the statement is TRUE (always correct), FALSE (always wrong) or UNCLEAR (meaning correct under some circumstances, wrong under other circumstances to define). In 4 or 5 sentences, provide an explanation / illustration of why this is the case. Without an explanation or with an explanation that is off topic or with an explanation that shows serious confusion and misunderstanding, you will receive 0 marks, even if your conclusion was correct. Your answers must be entirely in words with no balance sheet, no diagram and no equations. The answer must reflect the content of the course and cannot use an outside source. Using copy/paste is strictly forbidden. a) Lending provisions protect equity from being affected by loan default. (4 marks) b) Expectations theory of interest rates is a theory that explains the formation of expectations of future interest rates, based on the observed yield curve. (4 marks) c) Printing new notes does not change the size of Mo, regardless of whether the new notes are in circulation in the payment system or still in the vault of the central bank. (4 marks)