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Refer to the following table that shows the movement of prices during a certain year. Use these approximate values and assume that other price levels

Refer to the following table that shows the movement of prices during a certain year. Use these approximate values and assume that other price levels are stable over the year.

Value at Beginning of Year 1

Value at Beginning of Year 2

S&P/TSX index

15 comma 500

15,500

16 comma 350

16,350

Gold(CAF/oz.)

1150

1150

1306

1306

Average House Price inToronto, $

425 comma 000

425,000

464 comma 000

464,000

Suppose that at the beginning of Year1, a household had $300 comma 000

300,000, which it wanted to hold for use one year later. Determine which of the following would have been a good store of value over that period. (Select all thatapply.)

A.

Stocks whose prices moved with the Toronto Stock Exchange(S&P/TSX) index

B.

Gold

C.

The Canadian dollar

D.

A house whose value changed with the average house price in Toronto

E.

None of the above

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