If Canadian Tire issues its own "money" and it becomes generally accepted by people in paying for goods and services at other stores, then we would consider it to be OA. legal money because Canadian Tire is a Canadian incorporated company O B. a form of fiat money. O C. llegal money because the government has not issued it O D. a form of fiduciary money
If Canadian Tire issues its own "money" and it becomes generally accepted by people in paying for goods and services at other stores, then we would consider it to be OA. legal money because Canadian Tire is a Canadian incorporated company O B. a form of fiat money. O C. llegal money because the government has not issued it O D. a form of fiduciary money
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![If Canadian Tire issues its own "money" and it becomes generally accepted by people in paying for goods and services at other stores, then we would consider it to
84
be
ca
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O A. legal money because Canadian Tire is a Canadian incorporated company.
O B. a form of fiat money.
O C. Mlegal money because the government has not issued it
O D. a form of fiduciary money
As
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Transcribed Image Text:If Canadian Tire issues its own "money" and it becomes generally accepted by people in paying for goods and services at other stores, then we would consider it to
84
be
ca
htt
O A. legal money because Canadian Tire is a Canadian incorporated company.
O B. a form of fiat money.
O C. Mlegal money because the government has not issued it
O D. a form of fiduciary money
As
hav
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