quiz 13 chapter 13 solution

quiz 13 chapter 13 solution - Self-Test Questions Chapter...

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Self-Test Questions Chapter 13 MULTIPLE CHOICE 1. The most important function of the Bank of Canada is: a. raising or lowering taxes. b. regulating the supply of money. c. increasing or reducing government spending. d. none of the above. ANS: B 2. When Bank of Canada wants to change the money supply, it most frequently a. changes the bank rate. b. changes the reserve requirement. c. conducts open market operations. d. uses helicopters do drop more money into the economy, or a giant vacuum to suck notes from our wallets. ANS: C 3. Bank of Canada can increase the price level by conducting open market a. sales and raising the bank rate. b. sales and lowering the bank rate. c. purchases and raising the bank rate. d. purchases and lowering the bank rate. ANS: D 4. The velocity of money is: a. established by the Bank of Canada b. the average number of times that a dollar is used in purchasing final goods and services. c.
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quiz 13 chapter 13 solution - Self-Test Questions Chapter...

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