The Largest Component of the Assets of the Bank of Canada

question 18

Multiple Choice

The largest component of the assets of the Bank of Canada is

• A)Government of Canada securities.
• B)Government of Canada deposits.
• C)notes and coins in circulation.
• D)loans to commercial banks.
• E)loans to private individuals.

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Definitions:

Associationism

A psychological theory suggesting that mental processes operate by the association of ideas and sensory experiences.

Empiricism

A theory that states that knowledge comes only or primarily from sensory experience, emphasizing the role of experience and evidence in the formation of ideas, rather than innate ideas or traditions.

Intellectual Ability

The capacity to engage in higher-order thinking, analysis, and reasoning.

Birth

The act or process of being born, marking the beginning of life outside the mother's womb.