Which of the Following Accounts for Nearly All of Canada's

question 80

Multiple Choice

Which of the following accounts for nearly all of Canada's money supply?

• A) M-1
• B) Currency
• C) Demand deposits
• D) Currency plus demand deposits
• E) M-2

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Definitions:

Modified Duration

A measure of the sensitivity of a bond's price to changes in interest rates, indicating the percentage change in price for a one percent change in yield.

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date.

Semiannually

A term indicating that an event or action occurs twice a year.

Capital Gain

The profit earned from the sale of an asset when its selling price exceeds its purchase price.