The Two Most Common Types of Money in Circulation in Canada

question 54

Multiple Choice

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

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

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Definitions:

Unsigned Integers

An integer data type that can only represent non-negative numbers.

Right Shift

A bitwise operation in C and C++ that shifts the bits of a number to the right, dividing the number by two for each shift position.

Arithmetic Shift

A bitwise operation that shifts the bits of its operand and fills the vacant positions with the most significant bit (for signed values), effectively multiplying or dividing the number by two.

#define SQUARE

A preprocessor directive in C/C++ used to define a macro that substitutes an expression with a value or a text string.