The largest element of the Canadian money supply today is

Question

Quizplus · Accepted Answer

Bank deposits make up the largest portion of the Canadian money supply as they can be easily exchanged for cash and are used for transactions. The debt of the federal government is not considered a part of the money supply, while paper money and coins make up a smaller proportion of the overall supply. Gold is not commonly used for transactions in Canada and does not make up a significant portion of the money supply.

The Largest Element of the Canadian Money Supply Today Is