What does 'it' refer to? – InterviewSolution

1.	What does 'it' refer to?
Answer» So it technicallyrefersto money, but I don't think it's really incorrect to include associated modifiers when talking about what a pronoun points to, so you can say that itrefersto money spent on advertising. Itdoesnotreferto advertising because that is part of the phrase describing which kind of money.

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