In Canada,paper currency is properly referred to as
A)gold-standard currency.
B)bank notes.
C)depository tender.
D)near-money.

Question

Quizplus · Accepted Answer

Bank notes are the proper term for paper currency in Canada. Gold-standard currency refers to a monetary system where currency is backed by a specific amount of gold, which is no longer used in Canada or many other countries. Depository tender is not a term commonly used to refer to paper currency, and near-money refers to assets that are easily converted into cash, but are not cash itself, such as savings accounts or government bonds.

In Canada,paper Currency Is Properly Referred to as