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In the United States, the debts of government and commercial banks are used as money. This statement acknowledges that multiple choice 3 money is created
In the United States, the debts of government and commercial banks are used as money. This statement acknowledges that multiple choice 3 money is created by a lending process. many governments and commercial banks have debt. accounts in commercial banks are customer deposits and thus are debts of commercial banks. government finances its spending through debt
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