Which of the Following Determines the Amount of Money the Banking

question 282

Multiple Choice

Which of the following determines the amount of money the banking system as a whole can create?

• A)the quantity of bank reserves
• B)the quantity of vault cash held by banks
• C)the gold reserves held by the Bank of Canada
• D)the limit on profits by banks imposed by the Bank of Canada
• E)the value of the Canadian dollar in international markets

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