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For each of the statement below, assess whether the statement is TRUE, FALSE or UNCLEAR. Provide an explanation /illustration of why this is the case.

For each of the statement below, assess whether the statement is TRUE, FALSE or UNCLEAR. Provide an explanation /illustration of why this is the case. Without an explanation or with an explanation that is off topic, you will receive 0 mark.

(b) The purchase of Treasury bonds by the RBA from a superannuation fund creates new bank deposits and leaves ESF unchanged.

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