CUET Economics 2023 20 June Shift 1Macro > MediumAssets = Reserves + LoansNet worth = Assets -LiabilitiesLiabilities = LoansDeposits = Assets - Net worth✅ Correct Option: 3Related questions:31 May Shift 1Why does central bank is called the lender of last resort? It lends money to the government to finance its budget deficit. Central bank lends money to trade and industry to support their export operations. When a country runs out of money, the central bank prints more money. Central bank lends money to banks at all times. 29 May Shift 1Which function of money helps in comparing the value of different goods and services?28 May Shift 1Consider the statements about Open Market Operations (OMO): (A) OMO is a tool by which the Reserve Bank of India(RBI) controls money supply. (B) OMO is an example of Qualitative Control. (C) Selling bonds through RBI reduces the money supply. (D) Outright OMOs are permanent in nature. Choose the correct answer from the options given below: (A), (B), (C), (D) Only (A), (B), (C) Only (A), (C), (D) Only (A), (D)