What is the official currency of Canada?

Answer and explanation

Correct answer: B. Canadian Dollar (CAD)

  1. Step 1: The Province of Canada adopted the Canadian Dollar in 1858, tying it decimal-style to the US dollar rather than British sterling.
  2. Step 2: The Bank of Canada issues the currency, and the 1-dollarone-dollar coin is affectionately called the 'Loonie' because of the common loon bird depicted on its reverse.
Answer
Canadian Dollar (CAD)
Why not the others: 'US Dollar' is the legal tender of the United States; 'British Pound' was superseded by Canadian decimal currency in the 19th century; 'Canadian Franc' is a fictitious term.

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