Place the following steps in the correct order of the money creation process in commercial banks:
- Banks accept deposits from customers.
- Banks lend out a portion of the deposited money.
- Money is created in the economy when banks lend more than they hold in reserves.
- The central bank influences the money supply through monetary policy.
1
4 → 1 → 2 → 3
2
1 → 3 → 2 → 4
3
2 → 1 → 4 → 3
4
1 → 2 → 3 → 4