Interest Rates Were Low in Canada in 2003 Because Of

question 117

Multiple Choice

Interest rates were low in Canada in 2003 because of:

• A) a decrease in the money supply.
• B) capital outflows from Canada to China.
• C) capital inflows and monetary policy.
• D) increases in tax rates.

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Definitions:

Via The Internet

The process or method of accessing information or services using the internet.

Traveler's Checks

Preprinted, fixed-amount checks designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.

Deposit Slip

A slip accompanying a bank deposit and containing an itemized list of checks or cash deposited, the date, and the depositor’s signature.

Cash

Money in the form of bills or coins, used as a medium of exchange for goods and services.