U.S. currency .
A) is composed of the bills and coins that we use today
B) is less efficient than barter
C) is the sum of M1 and M2
D) includes tobacco

Question

Quizplus · Accepted Answer

U.S. currency refers to the bills and coins that are currently in circulation as legal tender for goods and services. It is a widely accepted form of payment in the United States, and is more efficient than bartering goods and services. It does not include tobacco or any other non-monetary item. M1 and M2 are measures of the money supply in the economy, and are not equivalent to U.S. currency.

U.S. Currency