Personal chequing accounts, savings deposits, and term deposits are three of the critical components of:

a) most Canadians RRSPs

b) Canadas money supply

c) sources of Canadas student loan money pool

d) causes of the expansion of Canadas economy

The yield to maturity that investors can obtain from owning bonds is made up of:

a) interest payments the investor receives and changes in the market price of their bond

b) the dividends that the bond will pay to the investor on the maturity (due) date of the bond

c) capital gains that the investor receives every six months from the issuer of the bond

d) the refund of fees the investor paid for the bond if they keep the bond until maturity

The movement of money, assisting in the creation of investment portfolios, and helping to avoid asymmetric information are three of the main functions of financial advisors.

a) True

b) False

Long-term interest rates are influenced mainly by what is happening in the global bond market.

a) True

b) False

The main cause of inflation is an increase in interest rates without an increase in the amount of government spending.

a) True

b) False

An example of a perfectly fixed currency is that of Bermuda.

a) True

b) False

Earlier this month, the Bank of Canada raised interest rates.

a) True

b) False