The U.S. dollar is not backed by any precious metal or commodity.
Correct Answer:
Verified
Q22: As a measure of money, M1 emphasizes
Q23: M1 consists of
A)paper money only.
B)currency plus checking
Q24: An economy that uses commodity money will
Q25: The most efficient form of money is
Q26: Throughout history, the most common form of
Q28: About what percentage of M1 is currency?
A)50
Q29: Which of the following is the most
Q30: About what percentage of M2 is currency?
A)50
Q31: Which of the following would not be
Q32: M2 includes
A)M1 plus government bonds.
B)M1 plus U.S.government
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