00:01
So, in this question there are three questions given and we have to answer one by one each part of this question and identify which answer is correct.
00:09
So, the first is in the consolidated balance sheet in the bank of canada loan to chartered banks are.
00:20
So, answer is a liability of the bank of canada and an asset for chartered banks.
00:29
So, in the explanation we have to say that in a consolidated balance sheet loans to chartered banks would be considered as asset for the chartered banks since they represent funds out to them and at the same time these loans would be a liability for the bank of canada as it is obligated to provide this fund.
00:53
Now, coming to the second part of this question that is second question a price tag on cash made sweater in a department store is an example of a money exchanging as a.
01:08
So, the correct answer is a store of value because money serves as a store of value when it can be saved retrieved and exchanged for goods and services at a later time.
01:23
So, the price tag on cash made sweater reflects the value of the money that can be exchanged for the sweater...