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1. What are the three functions of money? Describe and give concrete examples. 2. Describe the banking system in Canada. What are the functions of

1. What are the three functions of money? Describe and give concrete examples.

2. Describe the banking system in Canada. What are the functions of the Bank of Canada and how does it relate to the various other parties in the banking system. Give concrete examples.

3. Describe the importance of commercial banks' reserve ratio. Give concrete examples.

4. Describe the process of money creation. Give concrete examples.

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