Most Canadians Accept Canadian Dollars in Payment for Goods and Services

question 118

Multiple Choice

Most Canadians accept Canadian dollars in payment for goods and services in Canada because they have confidence that the dollar

• A)will be accepted in the future.
• B)is fully convertible into gold.
• C)is accepted by foreigners as more stable than their own currency.
• D)is fully convertible into American dollars at a set exchange rate.
• E)is fully backed by the British pound sterling.

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Definitions:

Land Defilement

Refers to the degradation or contamination of land due to misuse or improper disposal of waste.

External Cost

A cost that affects parties who are not directly involved in a transaction, leading to negative outcomes like pollution that are not reflected in market prices.

Coal-Powered

Refers to machines, plants, or devices that operate or are fueled by coal.

Electrical Generator

A device that converts mechanical energy into electrical energy, typically through rotating a coil within a magnetic field.