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Technology has been driving the shift in Canada towards a service-based economy.
New Reserves
Additional funds or assets that financial institutions or countries set aside to meet future liabilities or unforeseen needs.
Excess Reserves
The amount of reserves that banks hold over the minimum required by the central bank to back deposits.
Money Creation
The process by which the money supply of a country is increased through the activities of its central bank and commercial banking system.
Banking System
The network of banks and financial institutions that provide banking services, including deposits, loans, and currency exchange.
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