Which of the following is a liability of the Bank of Canada? a) Government bonds b) Canadian currency c) US dollars holding d) Foreign currency holding e) No answer
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Which of the following is a liability of the Bank of Canada?
a) Government bonds
b) Canadian currency
c) US dollars holding
d) Foreign currency holding
e) No answer
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- Which of the following is a negotiable written promise (by a bank) for a U.S. dollar deposit at a bank located outside the United States or in U.S. International Banking Facilities.? a.Certificate of Deposits b.Bankers acceptances c.Eurodollar CD d.Repurchase agreement17. Which of the following is not an asset of a bank?a.business depositsb.consumer loansc.deposits in other banksd.government securitiese.All of the above are bank assets. 18. Unlike the United States, many countries grant their banks the authority fora.full merchant banking, including investment banking and ownership of companies to whichthey lend.b.deposit banking.c.forming bank holding companies.d.lending to foreign companies and countries.Which of the following is not a function of a Central Bank? Question 19Answer a. To regulate the issue, supply and availability of money. b. To manage the foreign exchange reserves. c. To advise government on monetary and fiscal matters. d. To manage the public and private debt in the country.
- __________________________________ is a negotiable CD for a U.S. dollar deposit at a bank located outside the United States or in U.S. International Banking Facilities. Select one: A. Repurchase Agreements B. Eurodollar CD C. Foreign Deposits D. Treasury BillWhich of the following is not a function of a Central Bank? a. To regulate the issue, supply and availability of money. b. To manage the foreign exchange reserves. c. To advise government on monetary and fiscal matters. d. To manage the public and private debt in the country.Which of the following is a promise by the Government to pay a stated sum after expiry of the stated period from the date of issue? a. Commercial Papers b. Bankers’ Acceptance c. Treasury Bills d. Bills of Exchange
- Which of the following is (are) correct statement(s) To increase reserves in the banking system on temporary basis, the Bank of Canada engages in a repurchase agreement (Repos or SPRAs) The upper limit of the operating band is called Bank rate The Bank of Canada uses SPRAs to lower the overnight rate and SRAs to raise the overnight rate. all of the above Only a and b above The monetary policy tools used by the Bank of Canada include are open market operations Shifting of government deposits to Chartered banks Changing the reserve requirements all of the above Only a and c above The Monetary Base of the Bank of Canada includes government securities and discount loans currency in circulation and reserves of the chartered banks government securities and reserves currency in circulation and discount loans1. Why don’t the additions and deductions from the bank balance on a bank reconciliation require adjustment by the company? 2. Do all transactions by U.S. companies with foreign parties require special accounting procedures by the U.S. companies? Explain.Which of the statement is incorrect? i) Eurobond is a bond issued by an international investor and sold to borrowers in countries with currencies other than the currency in which the bond is denominated. ii) Foreign bond is a bond issued in a host country’s financial market, in the host country’s currency, by a foreign borrower. iii) Eurobond is a bond issued by an international borrower and sold to investors in countries with currencies other than the currency in which the bond is denominated. iv) In contrast, a foreign bond is a bond issued in a host country’s financial market, in the foreign currency, by a foreign borrower.
- In what ways are the Bank of Japan and the Bank of England similar to the FederalReserve? In what ways are the Bank of Japan and the Bank of England significantly different from the Federal Reserve?Which statement is FALSE? * Interest income earned by a depositary bank under the Expanded Foreign Currency Deposit System from residents is subject to 10% final income tax. A PEZA-registered enterprise is non-taxable on its related activities. The income of an Offshore Banking Unit from forex transactions in the country is subject to regular income tax. None of the above All of the aboveWhat is the official monetary target of the Bank of Canada?