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Which of the following items can be considered money in the Canadian economy? Explain your answers in one or two sentences by discussing all three
Which of the following items can be considered money in the Canadian economy? Explain your answers in one
or two sentences by discussing all three functions of money - a medium of exchange, a store of value, and a unit
of account. (2 marks each)
a) An American Express credit card
b) A share of Apple stock
c) A well-known painting by Robert Bateman
d) A $100 Bank of Canada note
e) A U.S. Treasury bill payable in three months
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