Answer Happy

d) The role of a central bank like the Bank of Canada is to: O guarantee the deposits of commercial banks customers. support and protect the profitability of commercial banks. provide printed cheques and bank notes to commercial bank customers. O control the quantity of high powered money used as reserves by commercial banks. e) The cash balances held by commercial banks are: O equal to recent deposits made by new bank customers. bank reserves. O customer saving and chequing accounts. O loans available to bank customers who wish to borrow.