the economics of money, banking, and financial markets

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4. 
   

   Bank of Canada started operations in ____.
   A) 1935
   B) 1925
   C) 1915
   D) 1945
   Answer: A
   Diff: 1 Type: MC Page Ref: 354
   Skill: Recall
   Objective List: 15.1 Classify the institutional structure of the Bank of Canada as well as four of
   the most important foreign central banks

   
   


5. 
   

   The Great Depression contributed to significant changes in Canadian ____.
   A) deficits
   B) monetary policy
   C) foreign affairs policy
   D) immigration policy
   Answer: B
   Diff: 1 Type: MC Page Ref: 354
   Skill: Recall
   Objective List: 15.1 Classify the institutional structure of the Bank of Canada as well as four of
   the most important foreign central banks

   
   


6. 
   

   The Great Depression ____.
   A) was of fundamental importance in the creation of the Bank of Montreal
   B) contributed to significant changes in government policy
   C) involved the largest increase in the level of economic activity in the history of Canada
   D) contributed to significant changes in foreign affairs policy
   Answer: B
   Diff: 1 Type: MC Page Ref: 354
   Skill: Recall
   Objective List: 15.1 Classify the institutional structure of the Bank of Canada as well as four of
   the most important foreign central banks

   
   


7. 
   

   The main motivation for the formation of the Bank of Canada in 1934 was ____.
   A) financial
   B) the need for Canada to reflect its growing political independence from Britain
   C) the need for Canada to coordinate its international trade policy
   D) government debt
   Answer: B
   Diff: 1 Type: MC Page Ref: 354
   Skill: Recall
   Objective List: 15.1 Classify the institutional structure of the Bank of Canada as well as four of
   the most important foreign central banks