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For each of the statement below, assess whether the statement is TRUE, FALSE or UNCLEAR. Provide an explanation with illustration and/or example of why this is the case.
(a) An item held as an asset by an entity is the liability or equity of another entity.
(b) Banks can create money through their expenses.
(c) If an individual gives a loan to another individual, the process is direct finance.
(d) Securitizing loans brings bank deposits to the originator.
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