The Bank of Canada is said to be the "lender of last resort" in that
A) it stands ready to "bail out" any chartered bank that it has decided should not fail.
B) it makes loans to individuals whom commercial banks do not believe are credit-worthy.
C) it charges a higher interest rate to borrowers than does any other bank.
D) it functions as the government's bank only when commercial banks fail to do so.
Correct Answer:
Verified
Q5: To increase the money supply
A)the Bank of
Q6: With respect to the nation's money supply,the
Q7: The Board of Directors of the Bank
Q8: The Bank of Canada accepts deposits from
A)the
Q9: The Bank of Canada acts as the
Q11: If the money multiplier is 2.4 and
Q12: All depository institutions
A)keep all of their deposits
Q13: If the Bank of Canada buys $500
Q14: If the Bank of Canada wishes to
Q15: When the Bank of Canada wants to
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