please help me with the answers, not explanation, thanks

question 4

When is an expansionary monetary policy likely to increase real output more than just temporarily?

Question 4 options:

when the economy operates at less than capacity

when the economy is at full employment

when actual output is beyond the economy's long-run capacity

at virtually any output level

Question 5(1 point)

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Which of the following is a function of the Bank of Canada?

Question 5 options:

overseeing the national payments system

paying down the national debt

raising or lowering taxes

increasing or reducing government spending

Question 6(1 point)

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What is the term for exchange rates determined by the laws of supply and demand?

Question 6 options:

fixed exchange rates

dirty exchange rates

equilibrium exchange rates

flexible exchange rates

Question 7(1 point)

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Which of the following is recorded as a credit in the Canadian balance of payments accounts?

Question 7 options:

the purchase of a Government of Canada bond by a British investment company

the purchase of a British soccer team by a Canadian investor

the importing of toys from a Mexican company

European travel expenditures of a Canadian postsecondary student

Question 8(1 point)

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Which of the following is the best example of a tariff?

Question 8 options:

a subsidy from the Canadian government to domestic manufacturers of SUVs so they can compete more effectively with foreign producers of SUVs

a tax placed on all SUVs sold in the domestic market

a $100-per-car fee imposed on all SUVs imported from South Korea

a limit imposed on the number of SUVs that can be imported from a Japan

Question 9(1 point)

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Which of the following statements about paper money in Canada is most accurate?

Question 9 options:

It is convertible into gold or silver at the holder's request.

It is equal to M1

It is partially backed by gold and silver at the Bank of Canada

It is fiat money.

Question 10(1 point)

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Scenario 11-2

A bank's assets consist of $1 000 000 in total reserves, $2 100 000 in loans, and a building worth $1 200 000. Its liabilities and capital consist of $3 000 000 in demand deposits and $1 300 000 in capital.

Refer to Scenario 11-2. If the bank desires to keep reserves equal to one-third of deposits, what is the level of the bank's excess reserves and how much money could the excess reserves be used to create in the banking system as a result?

Question 10 options:

Excess reserves are zero and could NOT be used to create any money in the banking system.

Excess reserves are $300 000 and could be used to create $900 000 in the banking system.

Excess reserves are $300 000 and could be used to create $300 000 in the banking system

Excess reserves are $700 000 and could be used to create $2 100 000 in the banking system.

Question 11(1 point)

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Compared with a no-trade situation, what occurs when a country imports a good?

Question 11 options:

Domestic consumers gain, domestic producers lose, and the gains outweigh the losses.

Domestic consumers gain and domestic producers lose an equal amount.

Domestic consumers lose, domestic producers gain, and the gains outweigh the losses

Domestic consumers gain, domestic producers lose, and the losses outweigh the gains

Question 12(1 point)

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A bank has $1 million in demand deposits, $250 000 in reserves, and desires a 20 percent reserve ratio. How much money can the bank directly create by loaning out its excess reserves?

Question 12 options:

$200 000

$50 000

$1 000 000

$250 000

Question 13(1 point)

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In order for mutually beneficial trade to occur, at what level must the exchange rate between the goods involved be set at?

Question 13 options:

at a level where each country can export a good at a price below the opportunity cost of producing the good in the domestic market

at a level where each country can import a good at a price below the opportunity cost of producing the good in the domestic market

at a level where each country will specialize in the production of those goods in which it has an absolute advantage

at a level where the exchange ratio is exactly equal to the opportunity cost of producing the good in each country

Question 14(1 point)

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If the rate of inflation in Canada falls relative to the rate of inflation in foreign nations, what will happen to the amount of Canadian net exports and subsequently the exchange rate for the Canadian dollar?

Question 14 options:

It will decrease net exports, which in turn will increase the value of the dollar.

It will increase net exports, which in turn will increase the value of the dollar.

It will decrease net exports, which in turn will decrease the value of the dollar.

It will increase net exports, which in turn will decrease the value of the dollar.

Question 15(1 point)

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Suppose banks desired a 100 percent reserve ratio. What would be the effect of a $4 million decrease in banking reserves?

Question 15 options:

a $400 million increase in the money supply

a $400 million decrease in the money supply

a $4 million increase in the money supply

a $4 million decrease in the money supply

Question 16(1 point)

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When the Bank of Canada purchases government securities from a chartered bank, what is the impact on that bank?

Question 16 options:

It loses its ability to make loans

It receives reserves that can be used to make additional loans

It automatically becomes poorer

It loses equity

Question 17(1 point)

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Which of the following best describes the role of the Bank of Canada as the lender of last resort?

Question 17 options:

It lends money to developing nations whose own central banks have failed.

It lends money to people in localities NOT served by chartered banks.

It keeps the money supply from drying up during economic panics.

It provides mortgage money to people living in poverty

Question 18(1 point)

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Which of the following is NOT a function of the Bank of Canada?

Question 18 options:

being a lender of last resort

issuing currency

serving as a bank for the federal government

setting currency-exchange rates

Question 19(1 point)

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During the 2008-09 recession, the Canadian banking system was relatively unharmed compared with other developed countries. According to economists, what relative amounts of Canada's leverage ratios and capital reserves led to this result?

Question 19 options:

Canada had higher leverage ratios and lower capital reserves.

Canada had higher leverage ratios and higher capital reserves.

Canada had lower leverage ratios and lower capital reserves.

Canada had lower leverage ratios and higher capital reserves.

Question 20(1 point)

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What is the most important function of the Bank of Canada?

Question 20 options:

issuing currency

managing the national payments system

acting as the fiscal agent to the government

setting monetary policy

Question 21(1 point)

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Which of the following is a form of money?

Question 21 options:

a credit card

a treasury bill

a savings deposit

a stock

Question 22(1 point)

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What does the P in the equation of exchange represent?

Question 22 options:

profit earned in the economy

marginal level of prices

average level of prices of final goods and services in the economy

marginal propensity to spend

Question 23(1 point)

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What kind of relationship exists between the quantity of money demanded and the interest rate?

Question 23 options:

a positive relationship

a fixed relationship

an inverse relationship

a constant relationship

Question 24(1 point)

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If the demand for money increases, what will happen to interest rates and the quantity of money?

Question 24 options:

Interest rates will decrease, and the quantity of money will decrease.

Interest rates will increase, and the quantity of money will increase.

Interest rates will decrease, and the quantity of money will stay the same.

Interest rates will increase, and the quantity of money will stay the same.

Question 25(1 point)

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Which of the following statement is true about the US Federal Reserve?

Question 25 options:

The Federal Reserve System consists 12 regional federal reserve banks

Interest rate decisions of the Federal Reserve are made by the Chairman and Vice Chairman of Federal Reserve

The Federal Reserve is owned by the US federal government

The directors of the Federal Reserve board are directly elected by the people

Question 26(1 point)

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Which of the following is NOT a reason that gold and silver have been historically used as money?

Question 26 options:

The issuer's name can be printed on gold and silver, but not on other commodities

They can easily be made into different shapes and weights

They are scarce and valuable

They can last a very long time

Question 27(1 point)

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A bank has $200 million in demand deposits and desires a 20 percent reserve ratio. How much will it hold as reserves?

Question 27 options:

$250 million

$60 million

$40 million

$100 million

Question 28(1 point)

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Which of the following would be classified in the capital account?

Question 28 options:

the purchase of Swiss francs by the Bank of Canada

the purchase of a British soccer team merchandise by a Canadian sports company

the sale of Belizean sugar cane to a Canadian food company

the importing of Jamaican rum

Question 29(1 point)

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Who is the governor of the Bank of Canada?

Question 29 options:

Ben Bernanke

Tiff Macklem

Mark Carney

Stephen Harper

Question 30(1 point)

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A bank receives a demand deposit of $3000. The bank loans out $1800 of this deposit and increases its excess reserves by $300. What is the bank's desired reserve ratio?

Question 30 options:

60 percent

40 percent

10 percent

30 percent

Question 31(1 point)

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Which of the following statements about the velocity of money is the most accurate?

Question 31 options:

It is the average number of times that a dollar is used in purchasing goods and services.

It is the rate at which the Consumer Price Index rises.

It is established by the Bank of Canada and, if needed, is adjusted four times a year.

It is inversely related to the rate of interest.

Question 32(1 point)

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Suppose Edland can produce either 30 units of good A or 30 units of good Z, and Georgeland can produce either 150 units of good A or 200 units of good Z. For them both to benefit from trade, how much will each unit of Z exchange for?

Question 32 options:

between 0.1 of a unit and 0.75 of a unit of A

0 units of A since only if the good Z is free will there be mutual benefit

between 0.75 of a unit and 1 unit of A

more than 1 unit of A

Question 33(1 point)

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Why does gold work better than bananas as a form of money?

Question 33 options:

A value can be imprinted in gold, but NOT in bananas

Gold does NOT disintegrate over time, but bananas do

Gold is a natural element and bananas can be grown

Everyone can value pure gold, but NOT a banana

Question 34(1 point)

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If the target for the overnight lending rate is 5 percent, what would be the respective bank rate?

Question 34 options:

5 percent

4.75 percent

5.25 percent

5.5 percent

Question 35(1 point)

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Suppose you find $1000 hidden in your mattress and deposit it in a demand deposit account at your bank. The bank's desired reserve ratio is 20 percent. How much will the deposit directly create in excess reserves?

Question 35 options:

$1000

$800

$1200

$200

Question 36(1 point)

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Which of the following is one reason why nations trade?

Question 36 options:

No one country produces all of what citizens within the country want

Different countries have different levels of greed.

The wants of their citizens exceed their productive capacity

Labour costs are too high in some countries to efficiently produce goods

Question 37(1 point)

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Which of the following is NOT a function of the Bank of Canada?

Question 37 options:

setting tax rates

setting monetary policy

being a lender of last resort

controlling inflation

Question 38(1 point)

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Scenario 14-3

Rebecca can produce either 20 tonnes of apples or 10 tonnes of grapes in a year, while Henry can produce either 10 tonnes of apples or 20 tonnes of grapes.

Refer to Scenario 14-3. What exchange rate results in mutually beneficial trade between Rebecca and Henry?

Question 38 options:

1 tonne of grapes to 1.5 tonnes of apples

1 tonne of apples to 2 tonnes of grapes

1 tonne of grapes to 2 tonnes of apples

1 tonne of grapes to 0.5 tonnes of apples

Question 39(1 point)

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The National Bank of Anywhere desires to hold 20 percent reserves and has excess reserves of $40 000. What is the maximum amount of additional loans that the bank can extend?

Question 39 options:

$200 000

$40 000

$32 000

$8 000

Question 40(1 point)

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Which one of the following would be the most appropriate stabilization policy if the economy is operating beyond its long-run potential capacity?

Question 40 options:

an increase in government purchases, holding taxes constant

a reduction in taxes, holding government purchases constant

an increase in the bank rate

a purchase of bonds by the Bank of Canada

Question 41(1 point)

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What would be the impact of reducing existing tariffs on tomatoes?

Question 41 options:

It would reduce exports of tomatoes.

It would increase Canadian consumption of domestically produced tomatoes

It would increase imports of foreign-produced tomatoes.

It would decrease total Canadian consumption of tomatoes.

Question 42(1 point)

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Other things being equal, if you took money out of your savings deposit account and put it in a demand deposit account, what would be the effect on the money supply?

Question 42 options:

M2+ would increase

M2+ would NOT change.

M2 would decrease

M2+ would decrease.

Question 43(1 point)

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In a bid to get re-elected, politicians decide to decrease taxes when there is an inflationary gap. As a result, what action might the Bank of Canada decide to take?

Question 43 options:

sell government securities to the chartered banks

increase the money supply

buy government securities from the general public

reduce the bank rate