Fill in the blanks to make the following statements correct. a. There are multiple measures of the

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Fill in the blanks to make the following statements correct.

a. There are multiple measures of the money supply in Canada because, in addition to currency in circulation, there are many different types of bank ______________.

b. The distinctions in the measures of the money supply generally reflect the different ability to convert funds from the deposit into ______________.

c. The most general definition of the money supply is the sum of ______________ and ______________.

d. A term deposit at a bank does not fulfill the ______________ role of money. However, it can be easily converted into a deposit that does fulfill this role. For this reason, a term deposit is referred to as ______________.

e. A credit card can serve as a medium of exchange, but it is not a ______________. For this reason, credit cards are referred to as a ______________.

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Ragan Macroeconomics

ISBN: 978-0134835822

16th Edition

Authors: Christopher Ragan

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