Week 14, Day 1 - Checklist for Final Examination

Week 14, Day 1 - Checklist for Final Examination -...

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CHECKLIST FOR FINAL EXAMINATION The Final Examination will take place on Thursday April 17 from 8:30 to 10:15 in the gymnasium. For the Final Examination, you are expected be able to do the following: Chapter 9 – Chapter 12: Everything indicated in Checklist for Midterm II Chapter 13: Identify and explain the roles of money; Identify and explain the double coincidence of wants; Distinguish between commodity money, commodity-backed money, and fiat money; Identify and distinguish the different assets that constitute money (including near-moneys); Identify and distinguish the different measures of the money supply (ie M1, M2, M2+, M3); Identify the main items on a commercial bank’s balance sheet; Identify and explain the roles of banks; Identify the two forms in which banks hold reserves; Identify and explain the reasons banks hold reserves; Identify and explain the desired reserve ratio and excess reserves; Identify and explain how banks create money (money creation or money multiplier process); Show the impact of transactions on the balance sheets of banks; Determine the overall impact on the banking system of an initial transaction; Measure the money multiplier; Identify and explain why the money multiplier in reality is different than in the money creation model; Identify the monetary base; Measure the money multiplier using the monetary base; Identify and explain how money can be destroyed; Identify the main items on the Bank of Canada’s balance sheet and their relative sizes; Identify and explain the roles of the Bank of Canada; Identify the four tools of monetary policy and explain how they can be used to implement monetary policy; Identify and explain the overnight funds market;
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This note was uploaded on 10/13/2009 for the course ECON 1221 taught by Professor Whitaker during the Winter '09 term at Langara.

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Week 14, Day 1 - Checklist for Final Examination -...

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