One of the Main Reasons Against Creating a Central Bank

question 187

Multiple Choice

One of the main reasons against creating a central bank in Canada during the Great Depression was:

• A) Canada lacked the expertise to operate such as institution.
• B) Canada lacked the proper domestic money market.
• C) Canadian feared their profits might fall once a central bank became the sole issuer of domestic banknotes.
• D) all of the above.

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Definitions:

Business Property Tax

A tax imposed on the real estate, equipment, and sometimes the inventory of a business.

Transfer Payments

Payments made by governments to individuals without any expectation of a good or service being provided in return, such as social security benefits and unemployment benefits.

Excise Tax

A tax levied on specific goods, services, or transactions, often focused on items such as alcohol, tobacco, and gasoline.

Demand Curves

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy at different prices.