If We Sum the Amount of Federal Government Debt Plus

question 118

Multiple Choice

If we sum the amount of federal government debt plus the amount of provincial and territorial government debt and divide by the population of Canada,we find that in 2011,each Canadian owed about how much?

• A)$350
• B)$3500
• C)$30 500
• D)$305 000

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Definitions:

Payable on Demand

A payment term indicating that the amount is due and must be paid immediately or whenever the holder requests it.

Negotiable Note

A written promise to pay a specific sum of money, which is transferable to other parties under certain conditions.

Good Faith

The sincere intention to be fair, open, and honest, regardless of the outcome of the interaction.

Authenticity

The quality of being genuine or not counterfeit or copied, often verified through documentation or expert examination in the context of art, documents, or items of historical significance.