Canadian Citizenship Canadian Economy and Trade

Question 1

What is Canada's official currency?

Accepted Answer

Canadian dollar

Answer

US dollar

Answer

British pound

Answer

Canadian franc

Question 2

Which country is Canada's largest trading partner?

Accepted Answer

The United States

Answer

China

Answer

United Kingdom

Answer

Japan

Question 3

What is the name of Canada's central bank?

Accepted Answer

Bank of Canada

Answer

Royal Bank of Canada

Answer

Canadian Treasury Bank

Answer

Federal Reserve of Canada

Question 4

Which Canadian province is the largest producer of oil and natural gas?

Accepted Answer

Alberta

Answer

British Columbia

Answer

Saskatchewan

Answer

Ontario

Question 5

What agreement replaced NAFTA to govern free trade among Canada, the US, and Mexico?

Accepted Answer

Canada-United States-Mexico Agreement (CUSMA)

Answer

North American Free Trade Agreement (NAFTA)

Answer

Trans-Pacific Partnership (TPP)

Answer

Comprehensive Economic and Trade Agreement (CETA)

Question 6

What is Canada's most valuable export category?

Accepted Answer

Energy products (oil and gas)

Answer

Automobiles

Answer

Wheat and grain

Answer

Lumber and wood products