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In Canada Today, How Much Gold Will the Bank of Canada

Question 9

Multiple Choice

In Canada today, how much gold will the Bank of Canada give you in exchange for $1?


A) none
B) $1 worth of gold (based on the market price of an ounce of gold at the time you redeem the gold)
C) 1 ounce of gold
D) 1/35th of an ounce of gold
E) 1 ounce of gold less the difference in the value between the Canadian and American dollars

Correct Answer:

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