Exam 17: Understanding Money and the Canadian Financial System

Organized stock exchanges operate in a similar manner to which of the following?

What is the tool most frequently used by the Bank of Canada to control inflation and interest rates,increase employment,and influence economic activity?

Money is anything that is acceptable as payment for goods and services.

As a security,options are best described by which of the following?

Mutual funds are prohibited from investing in bonds and government securities.

Which bonds are backed by specific assets of the company,which are pledged as collateral?

"Investment banker" is another term for "stockbroker."

Kate Tankersly pays her bills each month by writing cheques.Tankersly is using which type of account?

A savings account is also known as which of the following?

A brokerage company is an example of a depository financial institution.

A ten-dollar bill can be changed into two five-dollar bills or ten loonies.This key characteristic of money is known as which of the following?

What is wrong with the following statement "Credit cards replace money"?

Gino Vocci buys and sells shares and bonds and provides advice to his clients on when to buy and when to sell.Vocci works for which of the following type of nondepository financial institution?

What are the two types of equity shares?

What can you expect to happen to your securities investment when a bull market exists?

The secondary securities market is best described by which of the following?

The Canadian money supply comprises which of the following items?

Futures contracts pay both interest and dividends.

Boulders,windows,and ladders would not make good mediums of exchange because they lack which key characteristic?

Depository financial institutions include commercial banks,trust companies,and credit unions.