Which of the following statements is not correct about the U.S.monetary system?
A) The federal government did not print paper money until the Civil War.
B) Between 1789 and 1865,paper money was issued by hundreds of state-chartered banks.
C) Credit cards are the most common form of money today.
D) Early in U.S. history, the money supply consisted of items such as tobacco and bullets.
Correct Answer:
Verified
Q5: When money is used to acquire goods
Q6: Which of the following is an example
Q7: Which of the following is not included
Q8: Which of the following is not correct
Q9: Money is functioning as a standard of
Q11: Money is functioning as a store of
Q12: The basic money supply or M1 includes
A)Currency
Q13: When money serves as a mechanism for
Q14: The majority of the basic money supply
Q15: Barter
A)Is the direct exchange of one good
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