Question 1) answer true or false to the following statements (10 marks 1 Businesses are never deficit spending units (DSU). 2 Deposits in a credit union by a household are an example of direct finance 3 Finance companies take small consumer deposits and make large consumer loans 4 4 Privately placed securities are usually sold to one or more investment bankers and then resol the general public. OTC markets are not very important any more. 5 6 Every asset is someone else's liability, but not every liability is someone else's asset 7 Deposits should expand when reserve requirements increase. 8 Most banks issue negotiable certificates of deposits 9 Demand deposits represent the largest deposit source of funds for commercial banks. 10 The Discount Rate provides the Fed with direct control on the money supply