A majority of Canadian money,whether M2 or M2+,is created by private businesses.

Name: A majority of Canadian money,whether M2 or M2+,is created by private businesses.
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Question

Quizplus · Accepted Answer

The majority of Canadian money is created by private businesses through actions such as making loans, while a smaller portion is created by the central bank through its monetary policy actions. This is known as the fractional reserve banking system. Therefore, the statement is true.

A Majority of Canadian Money,whether M2 or M2+,is Created by Private