Canadian dollar

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/canadian-dollar

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What money is used in Canadian dollar?CAD
2. What is the subdivision?100 cents (¢)
3. What is the global reserve ranking (jan 2024)?Fifth most held reserve currency
4. What is the Canadian dollar and why does it have a loon on it?The Canadian dollar is Canada's official money, shown with the symbol $. The loonie coin has a loon on it, a bird that is a national symbol.
5. Why do people call the Canadian dollar coin a "loonie"?It is called a loonie because the coin shows a loon, a common bird in Canada, and the word loonie sounds like "loon."

Disambiguation: The act of making something clear or removing confusion, especially when similar items exist.
Reserve Currency: A currency held in significant quantities by central banks and other major financial institutions as part of their foreign exchange reserves.
Sovereign Position: The independence and authority of a nation-state to govern itself and manage its own affairs without external interference.