| Which of the following is / are not an assumption(s) of credit creation process? |
| (i) Entire banking system is taken as a single unit. |
| (ii) All transactions are done through banks. |
| (iii) There is no saving in the economy. |
A) Only (i)
B) Only (ii)
C) Only (iii)
D) Both (i) and (ii)
Correct Answer: C
Solution :
There is no such assumption as of not having any savings in the economy in the process credit creation
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