Please choose one answer for each question :

For ease of expression and comprehension, one-half of one percentage point is called...

a. 0.5 basis points.

b. The effetive lower bound.

c. 5 percent.

d. 50 basis points.

The M2 measure of the money supply includes all elements of M1B plus...

a. Deposits at other financial institutions.

b.Currency held by the Bank of Canada.

c.Chequable chartered bank deposits.

d.Notice and savings deposits in banks.

Which of the following is not a function of money?

a.Medium of exchange.

b.Measure of well-being.

c.Unit of account.

d.Store of value.

Unconventional monetary policy techniques could include using...

a.Moral suasion.

b.Quantitative easing.

c.Forward guidance.

d.All of the other options are correct.

The lowest policy rate that the Bank of Canada has available to it is...

a.

The effective lower bound.

b.

Zero percent.

c.

The bank rate.

d.

The deposit rate.