Deposit held in a commercial bank are part of

Assessment: WAEC SSCE - Economics - 2011 (Objective) Subject: Economics

Question 1 Report

Deposit held in a commercial bank are part of

Answer Details
Deposits held in a commercial bank are part of the money supply. This is because when customers deposit money into their accounts, the bank is able to use that money to make loans to other customers or invest in various financial instruments. As a result, these deposits effectively become a part of the circulating money supply in the economy, and can be used for transactions such as purchases of goods and services, payment of bills, and other financial transactions.
Read lesson note on Banking (JAMB)
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