Which of the Following Is Not Considered Money in Canada

question 1

Multiple Choice

Which of the following is not considered money in Canada today?

• A)deposits at credit unions
• B)bank of Canada notes
• C)deposits at banks
• D)coins
• E)debit cards

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Definitions:

Real GDP Per Person

Real GDP Per Person is a measure of the economic output of a country divided by its population, adjusted for inflation; it’s often used as an indicator of the average standard of living.

Rich Countries

Nations with high levels of income per capita, often characterized by strong economies, advanced infrastructure, and a high standard of living.

Per Capita Real Income

The average income earned per person in a given area, adjusted for inflation, reflecting the true purchasing power of the populace.

Percent Per Year

A rate that expresses the change of a quantity over one year as a percentage of the initial quantity.