If a Majority of Canadian Households and Businesses Refused to Accept

question 92

Multiple Choice

If a majority of Canadian households and businesses refused to accept Canadian dollars in exchange for goods and services, the value of the Canadian dollar would

• A)stay constant since its value is determined only by the Bank of Canada.
• B)stay constant since its value is determined only by the Government of Canada.
• C)fall.
• D)stay constant since the value does not depend on its acceptability by people.
• E)rise since less would be in circulation.

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