What allows a Federal Reserve note to function as money?
A) Regulation
B) Government
C) Social convention
D) Banks
Correct Answer:
Verified
Q4: The financial sector is very important to
Q5: The Federal Reserve Bank is the U.S.
Q6: The risk that all loans will default
Q7: In practice, the Fed focuses on changing
Q8: Money can be many things, but it
Q10: If the reserve ratio is 0.10, the
Q11: In the real world, policy makers apply
Q12: Cash is an example of a liquid
Q13: The U.S. dollar bills you sometimes have
Q14: Money doesn't have to have any inherent
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