I. Match Column A with Column B. Write the letter of the correct answer. A B 1 Savings and time deposit a Monetary policy 2 Checking accounts b Rediscounting 3 Money created by the Central Bank c Selective credit 4 A vehicle of economic activity regulation 5 Value of peso in terms of foreign currency d Savings 6 Dollar inflows exceed dollar outflows e Fractional reserve 7 Number of times money changes hands system 8 Ability of banks to create deposit liabilities f Central Bank greater than their reserves g Commercial bank 9 Percentage of deposits kept inside the h Moral suasion bank's vaults i Rediscounte rate 10 Administers the monetary, banking, and Quasi-money credit system k Open market 11 Regulates the level of savings and investments operations 12 CB buys the loan papers of commercial banks I Reserve requirement 13 Buying and selling of securities of Central Bank m Balance of payment 14 Confining the workings of an instrument surplus only the factors it aims to manipulate n Balance of payment 15 Interest rate charge by the Central Bank deficit of the borrowing of commercial banks o Exchange rate 16 Creates demand deposits p Demand deposits 17 Bank of all banks q Money 18 A liability of the Central Bank Demand deposits 19 Major source of investment s Peso notes and coins 20 Central Bank persuades financial institutions to follow and implement its policies