Which of the following are legal tender?
A) A check
B) A Federal Reserve note
C) A bank note issued by a private bank
D) A credit card
E) A traveler's check
Correct Answer:
Verified
Q39: The reserve ratio is the ratio of:
A)Federal
Q40: An important function of commercial banks is
Q41: Which of the following is a depository
Q43: Financial institutions are known as financial intermediaries
Q45: Which of the following is most critical
Q46: Federal Reserve notes are _.
A)checks
B)commodity money
C)coins
D)backed by
Q47: Fiat money is backed by:
A)gold or silver.
B)fractional
Q48: Which type of money has the lowest
Q49: Money that is acceptable because the government
Q176: The main source of profit for financial
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