Could the Canadian dollar still function as Canada’s unit of account if Canadians stopped using cash in transactions and only used demand deposits held at banks?
1. Could the Canadian dollar still function as Canada’s unit of account if Canadians stopped using cash in transactions and only used demand deposits held at banks? Briefly explain. 2. You transfer $1000 from your chequing account at your bank to your savings account. What impact would your action have on the M1 measure of … Read more