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:

Cardiovascular System

The body's system comprising the heart and blood vessels, responsible for circulating blood to deliver oxygen and nutrients to tissues.

Thoracic Duct

The largest lymphatic vessel in the human body that drains lymph from the lower and left side of the body into the venous system.

Thymus Gland

A lymphoid organ situated in the neck which produces T-cells for the immune system, particularly active during childhood.

Axillary Lymph Nodes

Lymph nodes located in the armpit (axilla) that play a key role in filtering lymph fluid and fighting infection.