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Which of the following is statements is NOT TRUE? O The ACSS is where smaller payments are settled in Canada. The LVTS facilitates electronic transfer of large Canadian dollar payments across the country between financial institutions (mainly chartered banks) and their customers. The Bank of Canada and all chartered banks operating in Canada are required to be members of the CPA. O Only large chartered banks operating in Canada are required to be members of the CPA but not Trust companies or other depository institutions. O The Canadian payments system refers to the system through which banks and other depository institutions make payments to each other to settle transactions by their customers.

Which of the following is statements is NOT TRUE? O The ACSS is where smaller payments are settled in Canada. The LVTS facilitates electronic transfer of large Canadian dollar payments across the country between financial institutions (mainly chartered banks) and their customers. The Bank of Canada and all chartered banks operating in Canada are required to be members of the CPA. O Only large chartered banks operating in Canada are required to be members of the CPA but not Trust companies or other depository institutions. O The Canadian payments system refers to the system through which banks and other depository institutions make payments to each other to settle transactions by their customers.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following is statements is NOT TRUE? O The ACSS is where smaller payments are settled in Canada. The LVTS facilitates electronic transfer of large Canadian dollar payments across the country between financial institutions (manly chartered banks) and their customers. O The Bank of Canada and all chartered banks operating in Canada are required to be members of the CPA. O Only large chartered banks operating in Canada are required to be members of the CPA but not Trust companies or other depository institutions. The Canadian payments system refers to the system through which banks and other depository institutions make payments to each other to settle transactions by their customers.
Transcribed Image Text:Which of the following is statements is NOT TRUE? O The ACSS is where smaller payments are settled in Canada. The LVTS facilitates electronic transfer of large Canadian dollar payments across the country between financial institutions (manly chartered banks) and their customers. O The Bank of Canada and all chartered banks operating in Canada are required to be members of the CPA. O Only large chartered banks operating in Canada are required to be members of the CPA but not Trust companies or other depository institutions. The Canadian payments system refers to the system through which banks and other depository institutions make payments to each other to settle transactions by their customers.
Which of the following statements is NOT TRUE? O An increase in real interest rates shifts the consumption function downward. The deterioration in the existing stock of durable goods shifts the consumption function upwards. O An increase in expected future income shifts the consumption function downward. An increase the availability of credit shifts the consumption function upward. O An increase in one's wealth shifts the consumption function upward.
Transcribed Image Text:Which of the following statements is NOT TRUE? O An increase in real interest rates shifts the consumption function downward. The deterioration in the existing stock of durable goods shifts the consumption function upwards. O An increase in expected future income shifts the consumption function downward. An increase the availability of credit shifts the consumption function upward. O An increase in one's wealth shifts the consumption function upward.
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