U.S. currency has value primarily because it:
A) is legal tender, is generally acceptable in exchange for goods or services, and is backed by the gold and silver of the federal government.
B) is generally acceptable in exchange for goods or services, is backed by the gold and silver of the federal government, and facilitates trade.
C) is relatively scarce, is legal tender, and is generally acceptable in exchange for goods and services.
D) facilitates trade, is legal tender, and permits the use of credit cards and near-monies.
Correct Answer:
Verified
Q12: Q13: Q14: Q15: Generally speaking, the greater the amount of Q16: One reason that "near-monies" are important is Q18: The federal backing for the money in Q19: In which of the following U.S. cities Q20: Which of the following statements best describes Q21: Which is the most important function of Q22: The primary responsibility of the Federal Open Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
![]()