Credit risk of a bond is

Select one:

a. the probability that the borrower will fail to make payments in a consistent manner

b. the credit report rating of the borrower

c. the probability that the borrower will fail to pay some of the interest or principal

d. the percentage of outstanding bonds that are expected to go into default

When the price level in Canada rises,

Select one:

a. the dollar appreciates, therefore, net exports rise

b. the dollar depreciates, therefore net exports fall

c. the dollar depreciate, therefore, net exports rise

d. the dollar appreciates, therefore, net exports fall

The official definitions of money can include all of the following except

Select one:

a. deposits at trust and mortgage and loan companies.

b. currency held outside banks.

c. personal savings accounts at chartered banks.

d. credit cards.

e. privately held demand deposits at chartered banks.