Which of the Following Statements Is Not Correct

question 97

Multiple Choice

Which of the following statements is not correct?

• A)The supply of money decreases when the Bank of Canada buys government securities from households or businesses.
• B)Excess reserves are the amount by which actual reserves exceed desired reserves.
• C)Chartered banks increase the supply of money when they purchase government bonds from households or businesses.
• D)Chartered bank reserves are an asset to chartered banks but a liability to the Bank of Canada.

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Definitions:

Return-Of-Service

An obligation, often found in scholarship or employment contracts, requiring the benificary to provide a predetermined period of service in exchange for the scholarship or benefit received.

Legally Binds

Places individuals or entities under a legal obligation, enforcing an agreement or contract.

Verifies

Confirms or establishes the truth, accuracy, or validity of something.

Paralegal's Responsibilities

Tasks and duties assigned to paralegals, including legal research, document preparation, and assisting attorneys in case preparation.