Solved >     11) Money can take the form:1418127 …



11) Money can take the form of any one of the following except

A) a credit card.

B) a chequing deposit.

C) a savings deposit.

D) Bank of Canada notes.

E) coins.


12) The official definitions of money can include all of the following except

A) currency outside banks.

B) personal chequable deposits.

C) non-chequable deposits.

D) deposits at trust and mortgage loan companies.

E) cheques.


13) Which of the following is not considered money in Canada today?

A) deposits at credit unions

B) bank of Canada notes

C) deposits at banks

D) coins

E) debit cards


14) Which one of the following items is not included in the M1 definition of money?

A) currency outside banks.

B) personal chequable deposits

C) non-personal chequable deposits

D) fixed term deposits

E) Neither B nor D are part of M1.

15) The largest component of M1 is

A) currency outside banks.

B) personal chequable deposits.

C) non-personal chequable deposits.

D) fixed term deposits.

E) non-personal non-chequable deposits.


16) Using a credit card can best be likened to

A) taking out a loan.

B) a barter exchange.

C) using any other form of money, because you can immediately take the goods you purchase home.

D) writing a cheque on your chequable deposit.

E) withdrawing money from a savings account.


17) Which of the following assets is the most liquid?

A) a Canada Savings Bond

B) a credit card

C) a house

D) cash

E) a line of credit


18) If the prices of goods and services are stated in terms of kilograms of salt, then salt is

A) a unit of account.

B) a standard of deferred payment.

C) a store of value.

D) quasi-money.

E) a medium of exchange.


19) Which one of the following is a component of M2 but not of M1?

A) currency outside banks

B) personal chequable deposits

C) personal non-chequable deposits

D) currency in a bank vault

E) Canada Savings Bonds

20) Which one of the following is not a store of value?

A) credit cards

B) personal chequable deposits

C) fixed term deposits

D) non-personal chequable deposits

E) non-chequable deposits is an online academic writing platform that provides extensive assistance to graduate school students as they work through their research projects, papers and dissertations. gives students access to experienced professionals who can provide the help they need in a timely and efficient manner. The service offers a wide range of services, including editing, proofreading, formatting, researching and more that can give students the confidence they need to write the perfect paper or dissertation for their chosen subject matter.

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