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Finance companies are net creators of private money in the financial system. A. True B. False

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Finance

Finance companies are net creators of private money in thefinancial system.

A. True

B. False

Answer & Explanation Solved by verified expert
4.0 Ratings (736 Votes)
Answer True Lets start with the definition of Private Money Private money refers to lending money to a company or individual by a private individual or organization There are highers    See Answer
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