The Size of the Monetary Base Is Determined By

question 76

Multiple Choice

The size of the monetary base is determined by:

• A)the Bank of Canada.
• B)chartered banks.
• C)preferences of households about the form of money they wish to hold.
• D)business policies of banks and the laws regulating banks.

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Definitions:

Human Beings

Homo sapiens; the species of bipedal primates to which all modern human beings belong, characterized by their capacity for language, thought, and complex social structures.

Social Contract

is a theory in political philosophy that suggests society is formed by a voluntary agreement among individuals to create and live under a government or a set of rules.

Laissez-Faire

A point of view that opposes regulation of or interference with natural processes.

Provincial Government

The governing authority of a province, state, or region, typically responsible for local laws and policies within its jurisdiction.