In Australia, currency includes:
A)gold, silver and paper money.
B)cheque and savings accounts.
C)notes and coins.
D)money held in term deposits.

Question

Quizplus · Accepted Answer

In Australia, the official currency is the Australian dollar, which is issued in the form of notes and coins by the Reserve Bank of Australia. While gold and silver have been used as a currency in the past, they are not commonly used today. Cheque and savings accounts also represent a form of money, but they do not involve physical cash, which is what notes and coins represent. Term deposits are a form of investment, rather than a currency. Therefore, the correct answer is C - notes and coins.

In Australia, Currency Includes