Currency in circulation is cash:
I.held by the public.
II.in the vault of commercial banks.
III.in the vault of the Bank of Canada.

Name: Currency in circulation is cash: I.held by the public. II.in the vault of commercial banks. III.in the vault of the Bank of Canada.
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Question

Quizplus · Accepted Answer

Currency in circulation refers to cash that is held by the public and not held in the vaults of commercial banks or the Bank of Canada. Therefore, options II and III are incorrect.

Currency in Circulation Is Cash