What is the average currency holding of Canadian dollars relative to Canadian population, and what could explain it?
A)Average currency holdings are about $800. One explanation for this relatively small amount is that people use credit and debit cards to make transactions.
B)Average currency holdings are about $800. One explanation for this relatively small amount is that Canadian citizens hold a lot of foreign currency.
C)Average holdings of currency are about $2052. One explanation for this relatively large amount is that criminals may prefer currency as a medium of exchange.
D)Average holdings are about $2052. One explanation for this relatively large average is that foreign citizens hold a lot of Canadian currency.

Question

Quizplus · Accepted Answer

The average currency holdings of $2052 are considered relatively large, and one explanation is that criminals may prefer using cash for transactions to avoid detection.

What Is the Average Currency Holding of Canadian Dollars Relative