If the bank of Canada took some of the money out of the economy,which of the following may occur?

Name: If the bank of Canada took some of the money out of the economy,which of the following may occur?
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

Taking money out of the economy will decrease the amount of money in circulation and can lead to a decrease in prices, which is deflation. Inflation, recession, and falling dollar value are unlikely to occur from the Bank of Canada taking money out of the economy.

If the Bank of Canada Took Some of the Money