Which of the following examples constitutes a new deposit to the Canadian commercial banking system?
A) an individual transfers money from Ship Shape Credit Union to Scotiabank
B) an individual immigrates to Canada and maintains his existing deposits in a foreign bank
C) an individual puts cash in a safety-deposit box
D) the Bank of Canada buys government securities from a Canadian commercial bank
E) the Bank of Canada buys foreign currency from abroad
Correct Answer:
Verified
Q55: Without a central bank,commercial banks in Canada
Q67: Bank North's Balance Sheet
Assets Liabilities
Reserves $300 Deposits
Q68: Bank North's Balance Sheet
Assets Liabilities
Reserves $300 Deposits
Q69: A central bank can "create" money by
A)selling
Q70: Bank West's Balance Sheet
Assets Liabilities
Cash $500 Deposits
Q71: Bank North's Balance Sheet
Assets Liabilities
Reserves $300 Deposits
Q71: Suppose a commercial bank has a target
Q75: Bank West's Balance Sheet
Assets Liabilities
Cash $500 Deposits
Q76: Which of the following examples constitutes a
Q80: Suppose Bank ABC has a target reserve
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