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What is money

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Reference no: EM133469417

Questions:

1. What is money? Explain the 3 concepts of money and give concrete examples.

2. Briefly describe the Canadian banking system and give concrete examples of how money is created.

3. Briefly describe how interest rates are determined and how monetary policy affects interest rates. Illustrate using a diagram how interest rates are determined.

4. Given the current situation in 2022, assess and evaluate the possibilities of whether interest rates will go up or down in 2023. Provide concrete examples of your observations.

Reference no: EM133469417

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