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S Q1 (0.8 marks). Fill in blakns: Medium of exchange, unit of account, and store of value are the functions of (money/cheques/ bonds) . .

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S Q1 (0.8 marks). Fill in blakns: Medium of exchange, unit of account, and store of value are the functions of (money/cheques/ bonds) . . One of the major forms of money in a modern economy is (credit card/debit card/demand deposit) ............. . Demand deposits are (cash/deposits in checking accounts/deposits in saving accounts) in commercial banks. Currency is issued by (Bank of Canada/chartered banks) and demand deposits are created by (Bank of Canada/chartered banks) . Reserve ratio is the ratio of (cash/gold/bond) ................... to total deposits in the chartered banks. The main source of funds in the chartered banks is (deposits/borrowing/own capital) tions .. and the main use of funds is (reserves/liquid assets/loans)

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