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Money and Banking
?
The money supply
is comprised only of Bank of Canada notes and coins in circulation.
is comprised only of the deposits of the chartered banks at the Bank of Canada.
is a broad definition of financial assets available for use in payments.
includes all forms of liquid and less liquid assets such as currency in circulation, term deposits, chequing and savings account deposits, and Canada savings bonds.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (C)
is a broad definition of financial assets available for use in payments.
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