this true or false questions stumped me.

5.Cash drain (or currency drain) refers to bank losses caused by bad debt (unpaid loans).

6.Commercial banks create currency as part of the money supply.

7.A higher desired reserve ratio reduces the amount of loans a commercial bank can offer.

8.As a medium of exchange, money consists of only currency - bill and coins.

9.An Open Market Sale by the Bank of Canada causes Canada's exchange rate to appreciate.

10.Precautionary Demand for Money depends on interest rates.

11.An increase in the Demand for money has a similar effect on interest rates as a decrease in the money supply.

12.An appreciation of the Canadian dollar raises net exports and the equilibrium output.

13.An Open Market Purchase by the Bank of Canada reduces the equilibrium interest rate.