Complete the following statements about money. a. Which of the following is a function of money? (Select the three that apply.) unit of account . medium of exchange . store of value A. B C. near money D E . double coincidence of wants b. Suppose children at a summer camp are each given a credit of $20 at the snack shop, where purchases are recorded but no cash is exchanged. This is an example of money as a(n) , (Select the two that apply) [2 near money store of value double coincidence of wants A. B. C. unit of account D. E. l'lLll'I medium of exchange c. Paper money and coins that are not convertible into anything with intrinsic value, but are declared by the government to be legal tender, are known as 1 money. d. The Bank of Canada has three main functions in the Canadian economy. Which of the following is not a function of the Bank of Canada? 0 A. banker to the federal govemment O B. maintaining proles of depositors O C. regulator of the money supply 0 D. bankerofcommercial banks 0. Canada has a V -reserve banking system, in which commercial banks keep only a fraction of their total deposits in reserves. Acommercial bank has a V ratio that governs what it attempts to keep as reserves