BSM 100 Lecture Notes - Lecture 3: Market Impact, Niche Market, Gross Domestic Product
18 Sep 2018
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U. s 08 economic crisis impact on canada. Employment went up, housing prices went down, and banks were near collapse; consumers bought less, and canada exported less to u. s but imports to canada became cheaper. What happens in the market has a large impact on the economy as well. Taxation and spending decisions influence the economy; these decisions encourage growth, boost employment, and curb inflation. Actions that shape the economy by influencing interest rates and the money supply. Impacts the economy within 6 months to a year. M1 money supply all currency- paper bills and metal coins- plus chequing accounts and traveller"s cheques (ready money) M2 money supply all m1 plus most savings accounts, money market accounts, money market accounts, and certificates of deposit (low-risk savings vehicles with a fixed term) Manages canada"s monetary policy; specifically the money supply. Provides banking services for other banks and the government (bank rate, reserve requirement, but not anymore)
