The Canadian dollar in your pocket today is BEST described as:

Question

Quizplus · Accepted Answer

The Canadian dollar is fiat money, which means it has no intrinsic value and is not backed by a physical commodity like gold or silver. Its value is determined by the government and accepted by the public as a means of payment for goods and services. It is not near-money, which refers to assets that can be easily converted into cash, nor is it commodity-backed money, which would require it to be backed by a specific commodity.

The Canadian Dollar in Your Pocket Today Is BEST Described