Which of the following is not counted in M1+?
A) chequing account balances
B) credit card balances
C) coins in circulation
D) currency in circulation
E) non-chequable deposits
Correct Answer:
Verified
Q46: A good can serve as money only
Q47: Because Canadian dollars (paper currency)are legal tender,
A)Canadian
Q48: Which of the following is a reason
Q49: Fiat money
A)has no or very little value
Q50: The Bank of Canada's narrowest definition of
Q53: Gold is an example of
A)commodity money.
B)fiat money.
C)barter
Q54: Paper currency is
A)commodity money.
B)fiat money.
C)barter money.
D)a bond.
E)a
Q55: Which of the following qualities would make
Q56: An economy without money would have no
Q56: Fiat money is generally issued by
A)private banks.
B)central
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