Please help me asap very urgent Thanks a lot!

Section A (40 marks) Indicate whether the following statements are true or false (1 mark). Support your answers with justifications (3 marks).

(1) In Hong Kong, currency and demand deposits held by non-residents are excluded from M1.

(2) In the absence of borrowing from banks (that is, when the amount of borrowed reserve is zero), lowering discount rate by a central bank fails to generate any impact in the interbank market.

(3) When depositors lose their confidence in the safety and stability of a countrys banking system and withdraw their deposits from banks (and hold them in cash), there will be a decrease in the countrys money multiplier.

(4) Under the linked exchange rate system, interest rates in Hong Kong tend to drop when there is a capital inflow.