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If a Majority of Canadian Households and Businesses Refused to Accept

Question 11

Multiple Choice

If a majority of Canadian households and businesses refused to accept Canadian dollars in exchange for goods and services,the value of the Canadian dollar would


A) fall.
B) rise since less would be in circulation.
C) stay constant since the value does not depend on its acceptability by people.
D) stay constant since its value is determined only by the Bank of Canada.
E) stay constant since its value is determined only by the Government of Canada.

Correct Answer:

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