Which of the following examples constitutes a new deposit to the Canadian commercial banking system?
A) An individual transfers money from ShipShape Credit Union to Scotiabank.
B) An individual immigrates to Canada and deposits money from abroad.
C) An individual puts cash in a safety-deposit box.
D) The Bank of Canada sells government securities to an individual or a firm.
E) The Bank of Canada buys foreign currency from abroad.
Correct Answer:
Verified
Q63: Suppose Bank ABC has a target reserve
Q64: Bank West's Balance Sheet Assets Liabilities
Cash $500
Q65: Which of the following examples constitutes a
Q66: Bank West's Balance Sheet Assets Liabilities
Cash $500
Q67: Bank North's Balance Sheet Assets Liabilities
Reserves $300
Q69: Bank West's Balance Sheet Assets Liabilities
Cash $500
Q70: How can a central bank "create" money?
A)by
Q71: Suppose a commercial bank has a target
Q72: Bank North's Balance Sheet Assets Liabilities
Reserves $300
Q73: Bank West's Balance Sheet Assets Liabilities
Cash $500
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