Which of the Following Expenditures by Canada's Federal Government Is

question 121

Multiple Choice

Which of the following expenditures by Canada's federal government is considered a government purchase?

• A)employment-insurance payments
• B)Old Age Security payments
• C)equalization payments
• D)child tax benefit
• E)payment of the Prime Minister's salary

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Definitions:

Cash

Liquid currency including coins and banknotes that is used to facilitate transactions and settle debts.

Stocks

Shares of ownership in a company, representing a claim on part of the company's assets and earnings.

Fiat Money

Currency that a government has declared to be legal tender, but it is not backed by a physical commodity.

The Euro

The official currency of 19 out of the 27 European Union countries, which forms a significant part of the world's economy.