In the Simple Deposit Expansion Model, If the Desired Reserve

question 88

Multiple Choice

In the simple deposit expansion model, if the desired reserve ratio is 20 percent and the Bank of Canada increases reserves by $100, chequable deposits can potentially expand by ________.

• A) $100
• B) $250
• C) $500
• D) $1000

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Definitions:

John Porter

A Canadian sociologist best known for his significant contributions to the study of social stratification, class, and mobility, especially through his seminal work "The Vertical Mosaic."

Multicultural Policy

A directive or approach adopted by an organization or government to respect and cater to the diverse cultural backgrounds within a society.

Cultural Diversity

The presence of a variety of cultural or ethnic groups within a society, contributing to a range of experiences, values, and worldviews.

Equity and Inclusion

Principles aimed at ensuring fair treatment, access, opportunity, and advancement for all individuals, while striving to identify and eliminate barriers that have prevented the full participation of some groups.