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1-Even on a gold standard, a central bank cannot go bankrupt. True False 2-The more layers there are in...

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Finance

1-Even on a gold standard, a central bank cannot gobankrupt.

True

False

2-The more layers there are in the banking system, the more themoney supply can be expanded

True

False

3-If it wasn’t for their central bank, Canada would have beenunable to survive the Great Depression

True

False

4-The problem with banks issuing their own bank notes is thatthis can cause inflation

True

False

Answer & Explanation Solved by verified expert
3.7 Ratings (606 Votes)
1 False Central bank can go bankrupt even on gold standard as conventional balance sheet of central bank is uninformative about financial resources at its disposal and ability to act as effective lender and market marker of last    See Answer
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Transcribed Image Text

1-Even on a gold standard, a central bank cannot gobankrupt.TrueFalse2-The more layers there are in the banking system, the more themoney supply can be expandedTrueFalse3-If it wasn’t for their central bank, Canada would have beenunable to survive the Great DepressionTrueFalse4-The problem with banks issuing their own bank notes is thatthis can cause inflationTrueFalse

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