What kinds of items have served as money in the past?
Money: It’s Nature and Functions
1. What kinds of items have served as money in the past? Provide three examples.
For each example, explain why the use of that item did not continue?
2. Discuss the characteristics of money and provide an example NOT indicated in the text for each of the four characteristics.
3. Why are chequing accounts also called demand deposits?
4. Why are savings accounts also called time (or notice) deposits?
5. Are credit cards money? Why or why not?
6. What is the bank rate at the Bank of Canada as of today? Do you consider that low or high? Why?
7. What are the five primary functions of the Bank of Canada?
8. Who is the Governor of the Bank of Canada?
9. What is the name of the policy conducted by the BoC to stabilize the economy?
10. List the 2019 revenues of the top five banks in Canada.
11. All students are to review the MLA tutorial posted on BB. You are to report back THREE things that you learned that you did not know before this exercise. Take screenshots of the three areas you learned and attach to your word document
Answer preview what kinds of items have served as money in the past?
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