c. In South Africa, the debts of government and commercial banks are used as money. This statement acknowledges that multiple choice 3many governments and commercial banks have debt.government finances its spending through debt.accounts in commercial banks are customer deposits and thus are debts of commercial banks.money is created by a lending process.

Banks’ major use of funds is:

The cash reserves that commercial banks are legally required to keep are held in the form of at the South African Reserve Bank, where they earn no interest.

The government institution that has responsibility for the amount of money and creditsupplied in the economy as a whole is theA) central bank.B) commercial bank.C) bank of settlement.D) monetary fund.

To bail-in an insolvent commercial bank, _________________. the bank's creditors or depositors are required to convert their loans or deposits respectively into the bank's assets the bank's creditors or depositors are required to convert their loans or deposits respectively into the bank's equity the government is required to cover the bad debts of the bank the government is required to inject capital into the bank the bank's borrowers are required to repay more than their original obligation

Banks’ major use of funds is:Ainvestments and trading securities. Bcash and liquid assets. Cproperty, plant and equipment.Dloans, advances and other receivables. submittedSUBMIT