Choose the term that best matches each of the following descriptions:

Question 1 [10 points] Choose the term that best matches each of the following descriptions: . \\/ select answer .sh (legal tender) held by banks to meet possible withdrawals by depositors. Bank of Canada Bank reserves Bankers risk Barter exchanges Centralized e-money Credit money Decentralized emoney merging and evolving range of technology based nancial services. Deposit multiplier E-paymenls business that specializes in bringing borrowers and lenders together. Fiat money Financial intermediary Financial panic Fintech , . . . . . Legal tender gal tender comprrsrng notes and corns In crrculatron plus the cash held by the banks. Liquidity Means of payment commodity or token generally accepted in payment for goods and services or the repayment of debt. Monetary base (MB) M\"ey SUPF'V e cost, speed, and certainty with which asset values can be converted into cash. Net interest income Redeemable Reserve ratio (rr) loss of condence in banks and rush to withdraw cash. has no centralized issuer and is not denominated in any national currency. It is a cryptocurrency such as a bitcoin. oney the government has declared as legal tender. e ratio of cash reserves to deposit liabilities held by banks. Standard of deferred payments Store of value Token money ' SUBMIT AND MARK Unit of account Question 1 [10 points] Choose the term that best matches each of the following descriptions: a) Cash (legal tender) held by banks to meet possible withdrawals by depositors. b) select answer v A loss of condence in banks and rush to withdraw cash. c) select answer v It has no centralized issuer and is not denominated in any national currency. It is a cryptocurrency such as a bitcoin. d) select answer v Emerging and evolving range of technology based nancial services. e) select answer v A business that specializes in bringing borrowers and lenders together. f) select answer v Money the government has declared as legal tender. 9) select answer v Legal tender comprising notes and coins in circulation plus the cash held by the banks. h) select answer v A commodity or token generally accepted in payment for goods and services or the repayment of debt. i) select answer v The cost, speed, and certainty with which asset values can be converted into cash. j) select answer v The ratio of cash reserves to deposit liabilities held by banks