Until Recently, and for Many Years, the Common Definition of the Money

question 68

Multiple Choice

Until recently, and for many years, the common definition of the money supply used by the Bank of Canada was M1, which included currency in circulation plus

• A)savings accounts and demand loans.
• B)chequable deposits and savings accounts at the chartered banks.
• C)chequable deposits at the chartered banks.
• D)chequable deposits at all financial institutions.
• E)term deposits and money market funds.

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Definitions:

Entrepreneurs

Individuals who identify business opportunities and take the initiative to create and manage enterprises with the aim of making a profit or driving social change.

Local Chamber of Commerce

A form of business network whose goal is to further the interests of businesses in a locality.

Nonprofit

Organizations that operate for the public or social benefit without the intention of making profits for owners or shareholders.

Collaboration

The process of two or more people, organizations, or entities working together to complete a task or achieve a goal.