What Is the Average Currency Holding of Canadian Dollars Relative

Multiple Choice

What is the average currency holding of Canadian dollars relative to Canadian population, and what could explain it?

A) Average currency holdings are about $800. One explanation for this relatively small amount is that people use credit and debit cards to make transactions.
B) Average currency holdings are about $800. One explanation for this relatively small amount is that Canadian citizens hold a lot of foreign currency.
C) Average holdings of currency are about $2052. One explanation for this relatively large amount is that criminals may prefer currency as a medium of exchange.
D) Average holdings are about $2052. One explanation for this relatively large average is that foreign citizens hold a lot of Canadian currency.