Which of the Following Statements Is NOT True

question 7

Multiple Choice

Which of the following statements is NOT true?

• A)The purchase of government bonds from the public increases the money supply.
• B)Monetary policy in the SA is set by the Monetary Policy Committee of the South African Reserve bank.
• C)When the central bank sells government bonds to the public, the money supply decreases.
• D)Monetary policy in SA is set by the Minister of Finance in consultation with the South African Reserve Bank

---

Definitions:

Formal Fallacy

An error in reasoning that involves an invalid argument structure, often failing to establish its conclusion logically.

Fallacy

A mistaken belief, especially one based on unsound arguments or reasoning.

Argument

A series of statements or reasons made to persuade others that an action or conclusion is right or wrong.

Subjectivist Fallacy

This exists when someone insists that something is true simply because it is what they believe, ignoring any evidence to the contrary.