ECON-1012-B-Introduction to Macroeconomics
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Which of the following events will decrease the money multiplier?The currency drain ratio ________ or the desired reserve ratio ________.
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Consider the following data from the economy of Adanac. What are the values of M1+ and M2+?
- Currency outside banks: $15 billion
- Personal and business chequable deposits: $40 billion
- Personal non-chequable deposits: $50 billion
- Business non-chequable deposits: $125 billion
- Currency held by banks: $200 billion
The value of M1+ is $________ billion and the value of M2+ is $________ billion.
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The amount of real money people plan to hold increases if which of the following changes occur?Either the prices of goods and services increases or the
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When the Bank of Canada adopts a quantitative easing program, what happens?
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The amount of real money people plan to hold will decrease if which of the following changes occur?Either ________ or the interest rate ________.
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Which statement best describes money's function as a unit of account?
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| Table 8.1.1 |
| Actual reserves in banking system | $1,000 |
| Total chequable deposits | $5,500 |
| Securities held by chartered banks | $1,000 |
| Currency outside banks | $500 |
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Choose the statement that is incorrect.
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| Table 9.1.1 |
| Currency | 2024 Exchange Rate | 2025 Exchange Rate |
| EU euro | 2 euros/dollar | 3 euros/dollar |
| Japanese yen | 120 yen/dollar | 90 yen/dollar |
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What is foreign currency?
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