1. The national debt of Canada is best defined? as:
A. the quantity of outstanding currency.
B. the amount the federal government borrows in any one year.
C. the claims foreigners have against Canada.
D. the accumulated federal budget deficits and surpluses since the? nation's beginning.
2. What is the basic activity of? banks?
A. To represent the interest of insurance companies
B. To equate future consumption with current consumption
C. To ensure that everyone who wants a loan gets one
D. To sell shares of corporations to the general public
E. To facilitate the transfer of money from savers to borrowers