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

Question

Quizplus · Accepted Answer

Bank notes in Canada are commonly referred to as "paper currency." "Gold-standard currency" refers to a monetary system where a country's currency is backed by a fixed amount of gold, which is not the case in Canada. "Depository tender" is not a common term for bank notes, and "near-money" refers to assets that can be easily converted into cash but are not considered legal tender, such as money market funds or savings accounts.

In Canada,bank Notes Are Properly Referred to as