Which One of the Following Is Included in M3, but Not

question 60

Multiple Choice

Which one of the following is included in M3, but not in M2?

• A) Bank of Canada term deposits
• B) foreign currency deposits of residents of Canada
• C) Canadian currency held by foreigners
• D) Eurodollars
• E) personal term deposits

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Definitions:

Global Firms

Companies that operate on a global scale, conducting business in multiple countries outside of their home country, and are influenced by global strategies and operations.

Research And Development (R&D)

Activities corporations or governments undertake in order to innovate and introduce new products or services; often involves significant investment in technology and skills.

Gross Domestic Product (GDP)

The value of finished goods and services produced within a country’s borders.

Skills Shortage

A difficulty finding people with the right skills to fill vacant positions.