Problem
1. Explain how commercial banks can 'create money' even when (as normal) they have no legal authority to print bank notes.
2. For your economy set out the main monetary aggregates published by your central bank. Draw a graph showing how these monetary aggregates have fluctuated over the last five years.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.