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Consider the following statement: In Canada, the debts of government and commercial banks are used as money. This statement acknowledges that multiple choice 3 many
Consider the following statement: "In Canada, the debts of government and commercial banks are used as money." This statement acknowledges that multiple choice 3 many governments and commercial banks have debt. governments and commercial banks finance their spending and investments through debt. accounts in commercial banks are customer deposits, and thus are debts of commercial banks. governments finance their spending through debt
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