On average, Americans have almost twice as much currency as Canadians. What is the most plausible reason for this?
A) Canadians trust their banking system a lot more.
B) Americans are a lot richer than Canadians.
C) The American economy is two times bigger than the Canadian economy.
D) A lot of U.S. currency is held by foreigners.

Question

Quizplus · Accepted Answer

A significant amount of U.S. currency is held by foreigners for use in international trade and as a reserve currency, which may contribute to the higher average of currency among Americans compared to Canadians.

On Average, Americans Have Almost Twice as Much Currency as Canadians