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- If Canadian Tire issues its own "money" and it becomes generally accepted by people in paying for goods and services at other stores, then we would consider it to 84 be ca htt O A. legal money because Canadian Tire is a Canadian incorporated company. O B. a form of fiat money. O C. Mlegal money because the government has not issued it O D. a form of fiduciary money As havCheckable deposits are money because a. only banks and other financial institutions can offer them. b. they can be converted into currency on demand and are used directly as a means of payment. C. they are guaranteed by banks. d. checks bounce when there are not enough funds to cash themn. O e. they are protected by the Federal Reserve.The Bank of Canada is owned by the federal government. O a. True Ob. False
- A bank can create money by Select one: A. increasing its reserves. B. selling some of its securities. C. lending its excess reserves. D. printing more cheques. O E. converting reserves into securities.The characteristic of money as a store of value implies: a. Money will remain valuable from one day to the next O b. None of the Above O C. Money allows us to quote prices and record debt O d. Money is acceptable as payment for goods and servicesChartered banks increase the money supply by: Select one: pay withdrawals to depositors. O a. O b. hold excess reserves. O c. make loans. Od. take deposits.
- Some financial institutions are classified as depository institutions based on: a. the way they acquire funds. PO b. the size of the loans they make. c. the number of customers they have. O d. the number of loans they make. e. the amount of reserves they hold.Which of the following about saving deposits a-under M2 supply, they they are bank accounts that you cannot white a check from directly. generally moneyl to be kept asided. you can easily withdraw money cash from these aacounts at an automatic teller machine or back d- included in M1 money supply these are the monies held in checking accounts. they are called demand deposits or chekable deposits because the bank must give the deposit holder his money on demand when a check is written or a debit card is used c- included in M1 money supply therefore, very lliquid these are coins and bills that vcirvulate in an economy that are NOT held by the US treasury Federal reserve bank, or in any bank vaults so the cash you havae in your wallet pocket right now d- under M2 money sypplly funds that you invest in where the deposits of many investors are pooled together and invested in a safe way such as short term goverment bods.Fiat money has Select one: a. value, because it can be redeemed for gold by the central bank. O b. little to no intrinsic value but is backed by the quantity of gold held by the central bank. C. a great intrinsic value that is independent of its use as money. O d. little to no intrinsic value and is authorized by the central bank or governmental body. Clear my choice Fini
- Economics To increase the money supply, what could the Federal Reserve do? Choose one or more: OA. make an open market sale OB. decrease the discount rate O Cincrease income taxes OD. increase the discount rate O E. make an open market purchase7. The consumer's average money holdings decreasing with the time spent between bank withdrawals. A. True B. False Discuss ges ronThe central bank sold existing government securities in an open market operation. Which of the following changes is the most likely result of this action? Select one: a. The reserve requirement decreases. O b. The nominal interest rate increases. O c. The discount rate increases O d. Bank reserves increase.