Money and economy quiz Leave a Comment / By Admin 2 / August 12, 2023 Welcome to quiz on money created through debt. 1. In Canada, how is money created through debt to add to the economy's money supply? Please choose the best answer The Federal Government creates most new money. The Bank of Canada creates most new money. Private banks create most new money The Canadian Mint creates most new money. None 2. If the Federal Government covered all of it’s deficit financing by borrowing from the Bank Of Canada over the last fifty years, what would the Federal debt be today? About the same as it is today at about $1.2 trillion. About half of what it is today at $600 billion. Close to zero or no significant debt. Greater than it is today at more than $1.2 trillion. None Time's up
