EC140 Lecture Notes - Lecture 8: Monetary Transmission Mechanism, Reserve Requirement, Aggregate Supply

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22 Sep 2016
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EC140 Full Course Notes
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Part a: multiple choice 55 questions - 55 marks. [1 mark for each correct answer; zero marks for incorrect, missing or duplicate answers. ] Choose the one alternative that best completes the statement or answers the question. The crucial function of the commercial banks that ceased to work smoothly during this time, and contributed to the global recession that began in. 2008, was: cheque clearing and collection, the acceptance of deposits from firms and households, the clearing of electronic transfers, the regulation of financial markets, the provision of credit, or loans, to firms and households. Assume that northern bank"s target reserve ratio is 10 percent. What is its: _______ current level of excess reserves, , , , , sh. While maintaining its target reserve ratio of 10%, northern bank can: _______ immediately expand its loans by_________, ,000, ,800, , , from an investment dealer with a cheque drawn on the bank of canada.

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