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I Foreign Currency Deposits of Canadian Residents at Chartered Banks

Question 12

Multiple Choice

i. foreign currency deposits of Canadian residents at chartered banks in Canada
ii. non-chequable notice and personal term deposits at chartered banks
iii. currency outside chartered banks
iv. publicly held demand deposits and chequable notice deposits at chartered banks
v. non-chequable notice and personal term deposits at near banks and some other liquid assets
vi. nonpersonal term deposits at chartered banks
vii. chequable notice deposits at near banks

-In Canada,the M1 + definition of the money supply is composed of:


A) currency outside chartered banks and notice deposits at chartered banks
B) currency outside chartered banks and all notice deposits at both chartered banks and near banks
C) all currency and demand deposits at chartered banks
D) all currency
E) currency outside chartered banks, publicly held demand deposits at chartered banks and chequable notice deposits at chartered banks and near banks

Correct Answer:

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