As a Measure of the Canadian Money Supply,M2+ Is Defined

question 69

Multiple Choice

As a measure of the Canadian money supply,M2+ is defined as currency in circulation plus

• A)all chequable deposits.
• B)demand and notice deposits at all financial institutions.
• C)savings deposits at the chartered banks and non-bank financial institutions.
• D)term deposits and money market funds at all financial institutions.
• E)term deposits,money market funds and personal savings accounts.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, typically reflected in the income statement as a deduction from earnings.

Accounts Receivable Turnover

A financial ratio that measures how often a company collects its average accounts receivable balance over a period.

Inventory Turnover

A metric that measures how many times a company's inventory is sold and replaced over a specified period.

Total Current Assets

The sum of all assets that are expected to be converted into cash, sold, or consumed within one year or one business cycle, whichever is longer.