Multiple Choice
In the contemporary Canadian economy,the best example of fiat money would be
A) coins issued by the Bank of Canada.
B) deposits at all depository institutions.
C) deposits at chartered banks, but not deposits at other depository institutions.
D) the stock of notes issued by the Bank of Canada
E) the stock of notes in the foreign exchange market.
Correct Answer:
Verified
Correct Answer:
Verified
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