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20. Estimate the potential impact on the money supply if a chartered bank received a deposit of $1,000 and kept only 20% in reserve? 21.
20. Estimate the potential impact on the money supply if a chartered bank received a deposit of $1,000 and kept only 20% in reserve? 21. What type of money makes up the majority of the money supply? 22. Explain how the Bank of Canada can control the money supply. 23. What conditions would cause the Bank of Canada to strongly consider raising their key policy interest rate? What factors would cause them to strongly consider lowering their interest rate
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