Money, the Canadian Banking System, and the Bank of Canada (BoC)

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