Multiple Choice
If the public switches from doing most of its shopping with currency to using cheques instead,and the Bank of Canada takes no action,the money supply will
A) increase.
B) decrease.
C) not change.
D) either increase or decrease.
E) equal the quantity of currency that is still in usE.
Correct Answer:
Verified
Correct Answer:
Verified
Q63: Monetary policy changes in Canada typically involve
Q64: A bank run is an episode in
Q65: In Macroland,currency held by the public is
Q66: Besides the conduct of monetary policy,the Bank
Q67: The desired reserve-deposit ratio is equal<br>A) 10%
Q69: The money supply in Econland is 1,000,and
Q70: In a fractional-reserve banking system,the reserve-deposit ratio
Q71: What function is money serving when you
Q72: Money serves as a medium of exchange
Q73: For all countries suffering hyperinflations,during the period