Money and the Canadian Banking System

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Across
  1. 3. The BoC does not pursue __________, whereas the central banks do.
  2. 5. Canadians can have __________ that money has value given that every paper bank note has on it the Bank of Canada’s statement, “This note is __________.”
  3. 6. The largest commercial bank in Canada (by assets).
  4. 9. Bartering has the disadvantage of requiring a __________ of wants.
  5. 12. There is a video that shows Kyle, the red paperclip guy, __________ his way up to a __________.
  6. 13. The majority of money supply is held as __________ .
Down
  1. 1. Cash cards __________ the money supply.
  2. 2. Activities taken by the Bank of Canada (BoC) to regulate the money supply.
  3. 4. The supply of money is __________ because only central banks provide the money supply.
  4. 5. A bank deposit slightly larger than __________ hundred dollars is needed to increase the money supply by $20,000 with a 2% reserve ratio.
  5. 7. The only institution in Canada that issues bank notes (dollar bills).
  6. 8. If a government has increased the supply of money and the country’s GDP still decreases, we know that the __________ of money has decreased.
  7. 10. Money is a __________ of exchange.
  8. 11. When interest rates are low, the quantity of money demanded is __________.