Notes in Circulation Are

question 45

Multiple Choice

Notes in circulation are:

• A)an asset as viewed by the Bank of Canada.
• B)a liability as viewed by the Bank of Canada.
• C)neither an asset nor a liability as viewed by the Bank of Canada.
• D)part of M1, but not of M2 or M2+.

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Definitions:

Marshaling Resources

The act of gathering, organizing, and deploying resources (human, financial, material) effectively to achieve specific objectives.

Bootstrapping

A self-funding approach where entrepreneurs start and grow their businesses using personal finances or the operating revenues of the new company.

Random Activities

Activities that occur without a definite aim, reason, or pattern.

Short-term Relationship

A relationship expected or designed to last for only a limited period of time.