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Recall the Application About the Cities, School Boards, and Companies

Question 56

Multiple Choice

Recall the Application about the cities, school boards, and companies that issued their own currency
during the Great Depression to answer the following question(s) .
-According to this Application, some of the currency issued by cities during the Great Depression looked like regular government-issued money. If this currency had nothing backing its value and was simply created by decree of the issuing city governments, the city-issued money would be considered


A) commodity money.
B) fiat money.
C) barter money.
D) gold standard money.

Correct Answer:

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