(8)The Bank of Canada regularly uses Exchange Fund Account swaps to ___________f

Question

(8)The Bank of Canada regularly uses Exchange Fund Account swaps to ___________federal government demand deposit balances in order to facilitate the Bank's daily cash setting exercise. Select one: a. reduce b. shelter c. increase d. sterilize (8)The Bank of Canada regularly uses Exchange Fund Account swaps to ___________federal government demand deposit balances in order to facilitate the Bank's daily cash setting exercise. Select one: a. reduce b. shelter c. increase d. sterilize (8)The Bank of Canada regularly uses Exchange Fund Account swaps to ___________federal government demand deposit balances in order to facilitate the Bank's daily cash setting exercise. Select one: a. reduce b. shelter c. increase d. sterilize

Explanation / Answer

8Q. The Bank of Canada regularly uses Exchange Fund Account swaps to ___________federal government demand deposit balances in order to facilitate the Bank's daily cash setting exercise.

Answer:

The Bank of Canada regularly uses Exchange Fund Account swaps to increase federal government demand deposit balances in order to facilitate the Bank's daily cash setting exercise.

Hence option-(C) increase is correct answer.

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