Which one of the following is included in M3, but not in M2?
A) Canadian currency held by foreigners
B) personal term deposits
C) Bank of Canada term deposits
D) foreign currency deposits of residents of Canada
E) Eurodollars
Correct Answer:
Verified
Q11: The double coincidence of wants problem is
Q12: The inflation tax is
A)a tax on nominal
Q13: Quantitative easing occurs when the central bank
A)increases
Q14: An open market purchase
A)causes decrease in the
Q15: Debit cards and online banking has
A)increased the
Q17: The zero lower bound is
A)conventional monetary policy.
B)the
Q18: Which of the following is included in
Q19: In a corridor system
A)reserves must be sufficiently
Q20: At the zero lower bound
A)open market purchases
Q21: The nominal interest rate cannot fall below
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