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I Foreign Currency Deposits of Canadian Residents at Chartered Banks

Question 18

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

-The difference between M1+ and M2 is that the:


A) former includes notice deposits at chartered banks
B) latter includes nonchequable notice and personal term deposits at chartered banks and does not include chequable notice deposits at near banks
C) latter includes government bonds
D) latter includes cash held by chartered banks
E) former includes all currency

Correct Answer:

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