Which of the Following Is a Reason Why Bitcoin Is

question 285

Multiple Choice

Which of the following is a reason why Bitcoin is not included in the Bank of Canada's measures of the money supply?

• A)Bitcoin is not accepted as payment anywhere in Canada.
• B)Bitcoins are not appropriately divisible.
• C)Only a very small portion of transactions are in Bitcoin.
• D)Recent collapses of Bitcoin exchanges have reduced the Banks confidence in Bitcoin.
• E)The limited number of Bitcoins mean inflation will not undermine its value.

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Definitions:

Fair Value

Fair value is the price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.

GAAP Accounting

A set of accounting standards and practices known as Generally Accepted Accounting Principles, used primarily in the United States to ensure financial reporting consistency and transparency.

Business Combinations

Transactions in which one entity gains control over one or more other businesses, often through mergers or acquisitions.

Comparative Financial Statements

Financial statements that provide financial information for multiple periods side by side to facilitate comparison.