Money and the Canadian Banking System

4. The majority of money supply is held as __________ .
5. When interest rates are low, the quantity of money demanded is __________.
7. Money is a __________ of exchange.
9. The BoC does not pursue __________, whereas the central banks do.
13. The only institution in Canada that issues bank notes (dollar bills).
14. If a government has increased the supply of money and the country’s GDP still decreases, we know that the __________ of money has decreased.

1. Activities taken by the Bank of Canada (BoC) to regulate the money supply.
2. 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. The supply of money is __________ elastic because only central banks provide the money supply.
6. Cash cards __________ the money supply.
8. Bartering has the disadvantage of requiring a __________ of wants.
10. A bank deposit slightly larger than __________ hundred dollars is needed to increase the money supply by $20,000 with a 2% reserve ratio.
11. The largest commercial bank in Canada (by assets).
12. There is a video that shows Kyle, the red paperclip guy, __________ his way up to a __________.