Which of the following is a reason why Bitcoin is not included in the Bank of Canada's measures of the money supply?
A) Bitcoin is not accepted as payment anywhere in Canada.
B) Bitcoins are not appropriately divisible.
C) Only a very small portion of transactions are in Bitcoin.
D) Recent collapses of Bitcoin exchanges have reduced the Banks confidence in Bitcoin.
E) The limited number of Bitcoins mean inflation will not undermine its value.
Correct Answer:
Verified
Q44: The largest proportion of M1+ is made
Q45: The most liquid measure of money supply
Q46: A good can serve as money only
Q47: Because Canadian dollars (paper currency)are legal tender,
A)Canadian
Q47: In an economy with money,as opposed to
Q49: Fiat money
A)has no or very little value
Q50: The Bank of Canada's narrowest definition of
Q51: Which of the following is not counted
Q53: Gold is an example of
A)commodity money.
B)fiat money.
C)barter
Q56: An economy without money would have no
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents