In the Contemporary Canadian Economy,the Best Example of Fiat Money

question 44

Multiple Choice

In the contemporary Canadian economy,the best example of fiat money would be

• A) coins issued by the Bank of Canada.
• B) deposits at all depository institutions.
• C) deposits at chartered banks, but not deposits at other depository institutions.
• D) the stock of notes issued by the Bank of Canada
• E) the stock of notes in the foreign exchange market.

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Definitions:

Risk-Adaptability Analysis

An assessment method used to evaluate the flexibility and responsiveness of a system, organization, or project to potential risks.

Social Consensus

An agreed-upon understanding among members of a society on various issues and norms.

Public Policy

Principles and standards considered by the government in addressing issues which affect the public at large.

Slamming

The illegal practice of changing a consumer’s telephone service without permission.