Which of the Following Might Explain Why Canada Has So

question 45

Multiple Choice

Which of the following might explain why Canada has so much currency per person?

• A)Canadian citizens are holding a lot of foreign currency.
• B)Currency may be a preferable store of wealth for criminals.
• C)People use credit and debit cards more frequently.
• D)Much of Canadian currency is held by foreigners.

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Definitions:

Broker Commission

A fee paid to a broker for their services, usually a percentage of the transaction value.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.

Lower Of Cost

A method used in accounting to value and report assets and inventory at the lower of its historical cost or current market value.

Market

A place or mechanism where parties engage in exchange of goods, services, or information.