The currency that is in circulation in Canada today is
A) fully backed by gold held at the central bank.
B) backed by the U.S.dollar.
C) backed by the euro.
D) fractionally backed by gold.
E) not officially backed by anything.
Correct Answer:
Verified
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Q42: The Canadian banking system is a(n)
A)gold-reserve system.
B)fractional-reserve
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