Suppose that Canadian banks did not offer interest on chequing accounts until the beginning of the 1980s.From this we can surmise that before the early 1980s:

Question

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Since interest was not offered on chequing accounts, people had no opportunity to earn interest on the funds kept in those accounts. This means that the opportunity cost of keeping funds in chequing accounts was higher before the early 1980s. They missed out on the potential interest earnings that they could have earned from investing the money elsewhere.

Suppose That Canadian Banks Did Not Offer Interest on Chequing