Which of the following items is money in Canada today?
A)your loan to pay for school fees
B)your Visa card
C)cash in CIBC's cash machines
D)Bank of Canada dollar bills in your wallet
E)cash in CIBC's cash machines and Bank of Canada dollar bills in your wallet

Question

Quizplus · Accepted Answer

Bank of Canada dollar bills in your wallet are considered legal tender in Canada and are widely accepted as a form of payment.

Note: While Visa cards can function as a means of payment, they are not considered actual money as they are a form of credit. Similarly, loans and cash in a specific bank's ATM are not considered money in general.

Which of the Following Items Is Money in Canada Today