Question
In: Economics
Compare the structure and independence of the Bank of Canada (BoC)and Bank of Russia (BoR) MAXIMUM...
Compare the structure and independence of the Bank of Canada
(BoC)and Bank of Russia (BoR)
MAXIMUM ONE PAGE.
Solutions
Expert Solution
Comparision between the Bank of Canada and the Bank of Russia:
| BANK OF CANADA | BANK OF RUSSIA |
| It is headed by the governor and lead by the Governing council, the executive council, senior deputy governor and the board of members. | It is also lead by the Governor and 14 board members who work on a full time basis. |
| the governor and the deputy governor are appointed by the directors with the approval of the governor in council for the tenure of seven years. | The board of director are appointed by the governor of the Bank of Russia with the agreement of the agreement of the president of the Russian Federation for a tenure of five years. |
| The bank of Canada falls under the federal government. However, it is given some independence to carry out its responsibilities. | The Bank of Russia is fully independent from any state authority of any federal bodies. They can function and carry out responsibilities for the betterment of the country without any interference. |
Rahul Sunny answered 7 months agoRelated Solutions
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MAXIMUM ONE PAGE.
A1. Suppose the Bank of Canada (BOC) buys $10B worth of bonds from the Canadian banking...
A1. Suppose the Bank of Canada (BOC) buys $10B worth of bonds
from the Canadian banking system that operates with a desired
reserve ratio of 5%. Immediately after the transaction, the balance
sheet of the BOC expands by $10B, while balance sheet of the
banking system is the same size, but in the long run, the balance
sheet of both the BOC and the banking system expand by $200B.
A2.A given increase in the money supply is more effective at...
Suppose the Bank of Canada (BOC) buys $10B worth of bonds from the Canadian banking system...
Suppose the Bank of Canada (BOC) buys $10B worth of bonds from
the Canadian banking system that operates with a desired reserve
ratio of 5%. Immediately after the transaction, the balance sheet
of the BOC expands by $10B, while balance sheet of the banking
system is the same size, but in the long run, the balance sheet of
both the BOC and the banking system expand by $200B. is this
statement true false or uncertain, explain. unsupported answers
will receive...
Recently the Bank of Canada (BOC) asked retail stores to continue accepting cash from customers as...
Recently the Bank of Canada (BOC) asked retail stores
to continue accepting cash from customers as payment for in store
retail sales (ie for groceries or clothing). Why does the BOC have
to make this request? Doesn’t Canada’s “legal tender” law require
retailers to accept cash as payment by customers? Briefly
explain.
True or False. Graph if needed. explantion please! A6-6. Suppose the Bank of Canada (BOC) buys...
True or False. Graph if needed. explantion please!
A6-6. Suppose the Bank of Canada (BOC) buys $10B worth of bonds
from the Canadian banking system that operates with a desired
reserve ratio of 5%. Immediately after the transaction, the balance
sheet of the BOC expands by $10B, while balance sheet of the
banking system is the same size, but in the long run, the balance
sheet of both the BOC and the banking system expand by $200B
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(b) What are the main problems with having a central bank that
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(d) Consider a bank...
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structure and independence of the European System of Central Banks
(ESCB) and the Federal Reserve System.
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structure and independence of the European System of Central Banks
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