The sum of the Bank of Canada's monetary liabilities and the Canadian Mint's monetary liabilities is called ________.

Question

Quizplus · Accepted Answer

The monetary base includes the Bank of Canada's monetary liabilities (such as currency in circulation and deposits of commercial banks) and the Canadian Mint's monetary liabilities (such as coins in circulation). It does not include bank reserves or notes in circulation. Therefore, the correct choice is D) the monetary base.

The Sum of the Bank of Canada's Monetary Liabilities and the Canadian