Term
|
Definition
| Any commodity or token that is generally accepted as a means of payment |
|
|
Term
|
Definition
| A method of settling a debt |
|
|
Term
| What are the 3 vital functions of mone? |
|
Definition
- Medium of exchange
- Unit of account
- Store of value
|
|
|
Term
|
Definition
| An object that is generally accepted in return for good sand services |
|
|
Term
|
Definition
| The direct exchange of goods and services for other goods and services which requires a double coincidence of wants |
|
|
Term
|
Definition
| An agreed-upon measure for stating the prices of goods and services |
|
|
Term
|
Definition
| Any commodity or token that can be held and exchanged later for goods and services |
|
|
Term
|
Definition
| Objects that are money because the law decrees or orders then to be money |
|
|
Term
| What are the objects that we use as money today? |
|
Definition
- Currency
- Deposits at banks and other financial institutions
|
|
|
Term
|
Definition
| Bank notes (dollar bills) and coins |
|
|
Term
| Electronic cheque or e-cheque |
|
Definition
| An electronic equivalent of a paper cheque |
|
|
Term
| Electronic cash or e-cash |
|
Definition
| An electronic equivalent of paper notes and coins |
|
|
Term
|
Definition
| Currency outside the banks plus chequable deposits owned by the individuals and businesses at chartered banks |
|
|
Term
|
Definition
| M1 plus personal savings deposits and nonpersonal notice deposits at banks plus dposits at credit unions, caisses populaires and other depository institutions |
|
|
Term
|
Definition
| The Bank of Canada and the banks and other institutions accept deposits and provide the services that enable people and businesses tto make and receive payment |
|
|
Term
|
Definition
| A private firm that is chartered by the federal government to receive deposits and make loans |
|
|
Term
|
Definition
| The currency in a bank's vaults plus its deposits at the Bank of Canada |
|
|
Term
|
Definition
| The interest rate on overnight loans between baks and other large financial institutions |
|
|
Term
|
Definition
| A cooperative organization owned by a social or economic group such as a firm's employees that accepts deposits from and makes loans to its members |
|
|
Term
|
Definition
| A financial institution that operates in Quebec and that is similar to a credit union |
|
|
Term
|
Definition
| A fund managed by financial institution that seels shares to people and uses these funds to buy assets |
|
|
Term
| Trust and mortgage loan company |
|
Definition
| A privately owned depository institution that operates under the Trust and Loan Companies Act, 1992 |
|
|
Term
|
Definition
| An asset that can be easily and with certainty, converted into money |
|
|
Term
|
Definition
|
|
Term
|
Definition
| A public authority that provided banking services to banks and regulates financial institutions and markets |
|
|
Term
|
Definition
| Adjusting the quantity of money in the economy |
|
|
Term
| Ultimate monetary policy objective |
|
Definition
| The final goal of monetary policy - an inflation rate inside the target range of 1-3% a year |
|
|
Term
| Daily monetary policy target |
|
Definition
| A target that the bank of Canada sets and achieves each dayin pursuit of its ultimate inflation target - a target overnight rate |
|
|
Term
| Large Value Transfer System |
|
Definition
| Canada's national electronic payments system for a very large transactions between the chartered banks, the bank of Canada and a few other big financial institutions |
|
|
Term
|
Definition
| The interest rate at which the Bank of Canda stands ready to lend reserves to chartered banks |
|
|
Term
|
Definition
| The inerest rate that the Bank of Canada pays banks on their deposits at the Bank of Canada |
|
|
Term
|
Definition
| The purchase or sale of government of canada securities - Treasury bills, and bonds in the open market by the Bank of Canada |
|
|
Term
|
Definition
| The sum of chartered bank's deposits at the bank of Canada plus coins and the bank of Canada notes |
|
|
Term
| Define money and describe its functions |
|
Definition
|
|
Term
| Describe the monetary system and explain the functions of banks and other monetary institutions |
|
Definition
|
|
Term
| Describe the functions of Bank of Canada |
|
Definition
|
|
