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