The Largest Component of the Liabilities of the Bank of Canada

question 86

Multiple Choice

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

• A)Government of Canada securities.
• B)Government of Canada deposits.
• C)Canadian currency in circulation.
• D)deposits of commercial banks and other financial institutions.
• E)loans to private individuals.

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Definitions:

Supply

The aggregate availability of a product or service for acquisition at a designated price.

Competition

A market situation in which multiple sellers are trying to sell their product or service to the same buyers, leading to a struggle for market share.

Industry

A group of companies that operate in a specific sector of the economy, manufacturing or supplying goods and services in a particular domain.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.