ECON102 Study Guide - Final Guide: Debit Card, The Bank Of Canada Museum, Demand Deposit
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ECON102 Full Course Notes
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Wealth - used to refer to the total of all stores of value, including both money and non- monetary assets ! liquidity - the ease with which an asset can be converted into the economy"s medium of exchange! Money is the most liquid asset available ! Stocks and bonds are relatively liquid ! At this museum, money talks by cleo paskal ! Case study: where is all the currency? one puzzle about the money stock of the canadian economy concerns the amount of currency! Bank of canada - the central bank of canada, responsible for controlling the stock of money ! central bank - an institution designed to regulate the quantity of money in the economy ! The bank of canada act! until the great depression of 1930s, there was no central bank ! bank notes issued by department of finance and major banks, monetary system regulated by the department of finance !