Economics Quiz Canada [ 100+ Quiz with Answers ]

Economics - Canada

FOR BEGINNERS

Multiple Choice— Select the option that best completes the sentence or provides the answer to the question.
  1. The basic functions of the Bank of Canada include




  2. The basic functions of the Bank of Canada include




  3. The basic functions of the Bank of Canada include




  4. The Canada Deposit Insurance Corporation (CDIC) was set up to protect




  5. The Bank of Canada purchases $5 million worth of government securities from an investment dealer with a cheque drawn on the Bank of Canada.

    The dealer deposits this cheque at a Canadian Chartered Bank. The desired reserve ratio of all banks is 25 percent.

    Assume all chartered banks are operating with no excess reserves and there is no cash drain. The Chartered Bank is immediately in a position to expand its loans by





  6. Which one of the following transactions would appear as a debit in the current account of the Canadian balance of payments?




  7. The purchase of government securities by the Bank of Canada is predicted to




  8. In an open economy like Canada, a decrease in the money supply leads to




  9. In an open economy like Canada, an increase in the money supply leads to




  10. Suppose the Bank of Canada purchased $5 million worth of government securities in the open market. The desired reserve ratio of the chartered banks is 25 percent and the public's desire to hold cash is 5 percent of their total deposits. The money supply would



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