Which of the following is not true of Federal Reserve notes?
A) They are fiat money.
B) They are a liability of the Fed.
C) They are redeemable for other Federal Reserve notes.
D) They are redeemable for gold.
E) They are counted as currency in the money supply
Correct Answer:
Verified
Q2: If you returned a $5 Federal Reserve
Q3: A 2005 quarter is called token money
Q4: Which of the following is a disadvantage
Q5: M2 consists of:
A)M1 plus savings accounts,small time
Q6: The M1 money supply consists of:
A)only coins
Q7: Which of the following is an advantage
Q8: Many people prefer debit cards to checks
Q9: Coins in the United States are manufactured
Q10: All of the following are part of
Q11: Which of the following is true of
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