Question 1

For how long is the governor of the Bank of Canada appointed?

Accepted Answer

A)  a two-year term 
B)  a five-year term 
C)  a seven-year term 
D)  a life term 
A)  a two-year term 
B)  a five-year term 
C)  a seven-year term 
D)  a life term

Question 2

What does the calculated amount of currency per person in Canada suggest?

Accepted Answer

A)  People tend to hold too much currency. 
B)  Most payments are made in cash. 
C)  People do not trust banks. 
D)  There is a significant illegal activity. 
A)  People tend to hold too much currency. 
B)  Most payments are made in cash. 
C)  People do not trust banks. 
D)  There is a significant illegal activity.

Question 3

An increase in reserve requirements raises the reserve ratio and decreases the money supply.

Accepted Answer

A) True 
 B)False

Question 4

When the Bank of Canada wants to change the money supply,what does it most frequently do?

Accepted Answer

A)  It changes the bank rate. 
B)  It changes the reserve requirement. 
C)  It changes its open-market operations. 
D)  It changes the amount of currency in circulation. 
A)  It changes the bank rate. 
B)  It changes the reserve requirement. 
C)  It changes its open-market operations. 
D)  It changes the amount of currency in circulation.

For how long is the governor of the Bank of Canada appointed?

What does the calculated amount of currency per person in Canada suggest?

An increase in reserve requirements raises the reserve ratio and decreases the money supply.

When the Bank of Canada wants to change the money supply,what does it most frequently do?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, investment, and the Financial System

Unemployment and Its Natural Rate

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Small Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Five Debates Over Macroeconomic Policy

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Exam 10: The Monetary System

For how long is the governor of the Bank of Canada appointed?

What does the calculated amount of currency per person in Canada suggest?

An increase in reserve requirements raises the reserve ratio and decreases the money supply.

When the Bank of Canada wants to change the money supply,what does it most frequently do?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, investment, and the Financial System

Unemployment and Its Natural Rate

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Small Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Five Debates Over Macroeconomic Policy

Filters