Credit money is money backed by the creditworthiness of the United States Government.
Correct Answer:
Verified
Q41: All restrictions on U.S. citizens holding gold
Q42: M1 money supply consists of currency, travelers'
Q43: M1 includes currency and demand deposits but
Q44: Money market securities are debt securities with
Q45: Fiat money generally becomes worthless if the
Q47: A monetary standard based on two metals,
Q48: Beginning in 1961, U.S. citizens were prohibited
Q49: Commercial paper is short-term promissory notes issued
Q50: Treasury bills are money market securities.
Q51: Representative full-bodied money is paper money that
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