Which of the Following Statements Is TRUE

question 28

Multiple Choice

Which of the following statements is TRUE?

• A) Every province in Canada uses both a land titles system and a registry system.
• B) A registry system is sometimes called a Torrens system.
• C) The three principles of a land titles system are the mirror principle, the curtain principle, and the indefeasibility principle.
• D) The rules that govern a land titles system were developed by judges, rather than legislators.
• E) An unregistered short- term lease may be enforceable under either a registry system or a land titles system.

---

Definitions:

Money Supply

The total amount of money available in an economy at a specific time, including both physical currency and deposits in bank accounts.

Price Level

An indicator of the mean prices for products and services within the economy.

Interest-rate Effect

The impact of changes in the interest rate on the price level and real output in an economy, typically influencing investment and consumer spending.

Money Supply

The entire sum of currency in an economy at a particular time, covering cash, coins, and deposits in checking and savings accounts.