Which of the Following Statements Is Are False

Multiple Choice

Which of the following statements is are false?

A) In the absent of the lender of last resort facility, the goldsmith would print unlimited volume of receipts.
B) In the absent of the lender of last resort facility, the goldsmith would have an incentive to build his reputation and therefore the volume of receipts would be limited.
C) The presence of the lender of the last resort facility strengthens the goldsmith's incentive to maintain his reputation.
D) The presence of the lender of the last resort facility weakens the goldsmith's incentive to maintain his reputation
E) both a and c