Paper money
A)is a less efficient form of money than checking deposits.
B)is as efficient a form of money as coins.
C)is the most efficient form of money.
D)must be linked by law to the supply of gold.
E)is an efficient form of money only if it is backed by a precious commodity.

Question

Quizplus · Accepted Answer

Paper money requires physical handling and counting, whereas checking deposits can be easily transferred electronically, making it a more efficient form of money.

Paper Money