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Personal Finance- Unit 2: World & Local Economics Review Flashcards | StudBud
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Personal Finance- Unit 2: World & Local Economics Review
Personal Finance- Unit 2: World & Local Economics Review
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1
_____________ is concerned with how much money circulates in the economy & what money is worth.
world bank
credit union
monetary policy
federal reserve
2
Which system brings "infrastructure" to developing countries?e.g.Ethiopia-set electricity plant
World Bank
BOC
Federal Reserve
IMF
3
What does CDIC stand for?
Central Deposit Insurance Company
Canada Dependent Interest Calculation
Canada Deposit Insurance Corp.
Central Department Interest Corp.
4
What is the biggest revenue source for our government?
Personal Income Tax
Crown Corporation Taxes
Corporate Income Tax
GST taxes
5
What was the name of Canada's first formal bank?
Bank of Kingston
Royal Bank of Canada
National Bank of Canada
Bank of Montreal
6
Who was the first governor of the BOC?
Graham Towers
Stephen Poloz
Steve Carney
Mark Carney
7
The top 5 banks are known as ________________ or _____________________.
Fabulous Five, Flagship
Big Five, Commandership
Big Banks, Controllers
Big Five, Flagship
8
What is the “largest single federal spending item”?
bank loans
transfer payments
other direct program expenses
infrastructure payments
9
What is NOT in the copper box?
Bylaws of the Bank
Constitutional Act
1937 Canadian coins
Bank of Canada Act
10
What does IMF stand for?
International Monetary Foundation
Intervention Monument Firm
International Monetary Fund
International Money Firm
11
Bear Stearns dealt in ______ and this was the 1st downfall in the U.S. Meltdown.
systemic risk
mortgage contagion
capital injection
credit default swaps
12
Firefighters, teachers are part of a ________ that can open up accounts at _______
trade, stores
union, stores
union, banks
union, credit union
13
“______regulates finan. institutions, manages nation’s $ & moves interest rates & creating $.”
IMF
World Bank
Federal Reserve
BOC
14
The interconnection or "web" is known as ____________________ (in U.S. Meltdown)
systemic risk
credit default swaps
congressional power
moral hazard
15
Ben Bernanke and Henry Paulson were compared to ___________ in the U.S. Meltdown movie.
economists
lawyers
superstars
doctors
16
______ formally took over control of banking
Prime Minister Sir John A. MacDonald
Bank of Canada
British North America Act 1867
Taxation Act
17
What is the #1 and #2 bank in Canada?
RBC, TD
RBC, CIBC
TD, RBC
BMO, RBC
18
Which system gives loans for "structural adjustment"? e.g. the price of wheat fluctuates
World Bank
Federal Reserve
IMF
BOC
19
____________ is the "gatekeeper" of the U.S. economy
BOC
Federal Reserve
World Bank
IMF
20
Which city is the Federal Reserve in?
New York
Washington, DC
Toronto
Ottawa
21
Which system promotes the economic development of world's poorer countries?
Federal Reserve
World Bank
IMF
BOC
22
Who is Canada’s sole bank note-issuing authority and also known as Canada's "central bank"?
RBC
Federal Reserve
BOC
World Bank
23
What is the purpose of both the World Bank and IMF?
promote stability
provide help to poorer countries
protect the world from disaster
promote productivity
24
The BOC has 4 main areas of responsibility.. currency, funds management, monetary policy and __
interest rates
financial system
taxes
banking
25
What does FCAC stand for?
Financial Canadian Agency of Consumers
Financial Consumer Agency of Canada
Federal Canada Agency of Canada
Federal Consumer Aggregate of Canadians
26
Who is the current governor of the BOC?
Tiff Macklem
Jerome Powell
Graham Towers
Stephen Poloz
27
Where is the BOC located?
24 Sussex Avenue
259 Sussex Avenue
234 Wellington St.
167 Wellington St.