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    Macroeconomics Study Set 43
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    Exam 15: B: Interest Rates and Monetary Policy
  5. Question
    Notes in Circulation Are
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Notes in Circulation Are

Question 45

Question 45

Multiple Choice

Notes in circulation are:


A) an asset as viewed by the Bank of Canada.
B) a liability as viewed by the Bank of Canada.
C) neither an asset nor a liability as viewed by the Bank of Canada.
D) part of M1, but not of M2 or M2+.

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