The Two Most Common Types of Money in Circulation in Canada

question 9

Multiple Choice

The two most common types of money in circulation in Canada today consist of

• A) private bank notes and commodity-backed paper currency.
• B) commodity-backed paper currency and fiat money.
• C) fiat money and transaction deposits at banks.
• D) transaction deposits at banks and commodity money.
• E) private bank notes and commodity money.

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Definitions:

External Compulsion

A force or influence from outside oneself that pressures or obliges one to act in a certain way, often limiting personal freedom or choice.

Free Of Ignorance

The state of having knowledge or being aware, lacking the absence of understanding or awareness.

Condemned To Be Free

A notion popularized by existentialist philosopher Jean-Paul Sartre, suggesting that with the absence of God or predetermined essence, humans are free to make their own choices, yet are responsible for these choices.

Jean-Paul Sartre

A 20th-century French existentialist philosopher, playwright, novelist, political activist, biographer, and literary critic, known for his works on existentialism and phenomenology.