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55. Which of the following countries has a central bank that is privately owned? (A) The United States. (B) Canada. (C) Switzerland. (D) The United Kingdom. 56. What was the last country to leave the gold standard? (A) The United States. (B) Canada. (C) Switzerland. (D) The United Kingdom. 57. Over the last decade, the central banks of Russia and C...
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48. You are treasurer of your local community sports club in St. Catharines. The club has received a bequest of $100,000, and you are in charge of deciding what to do with it. You strongly believe that the economy will experience a boom period, but you also want to hedge your bets. Which of the following investments would be best? (A) Invest in $10...
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44. What is the reserve requirement for Canadian banks? (A) 25 percent. (B) 10 percent. (C) 5 percent. (D) 0 percent. 45. Which of the following ancient civilizations did NOT develop coinage? (A) Inca. (B) Indian. (C) Greek. (D) Chinese. 46. Which of the following would be a liberal (modernist) mufti’s criticism of Islamic finance? (A) Modern day f...
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4-. What is the first European country to have had an official paper currency? (A) Sweden. (B) France. (C) Austria-Hungary. (D) Britain. 41. You are working at an international financial institution, analyzing the economic prospects for a small high-income country. You discover that the country’s land prices are soaring, despite its slowing real GD...
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36. Which of the following is a necessary but not a sufficient condition for a bank run to occur? (A) A bank’s liabilities exceed its assets. (B) A bank does not have enough reserves to cover a surge in depositor demands. (C) A recession occurs, meaning that people need to liquidate their assets. (D) Everyone rushes to the bank to withdraw their de...
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