When You Write Your Rent Cheque on Your Credit Union

question 12

Multiple Choice

When you write your rent cheque on your credit union account and your landlord deposits it in her account at the Bank of Montreal,what will be the impact in the banking system?

• A)Chartered bank reserves will rise.
• B)Deposits at the Bank of Canada will fall.
• C)Deposits at the Bank of Canada will rise.
• D)M2 will increase and M2+ will fall.

Understand the technology adoption life cycle and differentiate between the behaviors of innovators, early adopters, and the early majority.

Learn about customer segmentation, its conditions, and its importance for entrepreneurs.

Identify strategies to cross the chasm in marketing and understand its significance in product adoption.

Assess the characteristics of different consumer categories within the technology adoption life cycle.

---

Definitions:

English Auction

A type of auction where bidders publicly announce their successive higher bids until no higher bid is forthcoming, with the highest bidder winning the item.

Rational Self-Interest

The principle that individuals will make decisions that they perceive to be in their best interest, maximizing their utility or benefit.

Values

The importance, worth, or usefulness of something, often influencing individuals' choices and behaviors.

Sold

The past tense of sell, indicating the transfer of goods or services in exchange for money or other compensation.