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Pick out all the correct statements from below i) The amount of deposits that banks are required by the central bank to hold are the
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Pick out all the correct statements from below
i) The amount of deposits that banks are required by the central bank to hold are the excess reserves. ii) Bank assets also include the office building owned by the bank. iii) When a new depositor opens a current account at HSBC, the bank's assets increase, and its liabilities also increase. iv) Because current accounts are more liquid for the depositor than savings accounts, they have higher interest rates. v) Commercial banks make their profits primarily by providing loans.
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