Representative full-bodied money is paper money fully backed by a precious metal such as gold.
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Q18: An individual bank can create money.
Q19: The use of direct transfers is the
Q20: The role of financial institutions in a
Q21: "Continentals" were denominated in dollars and were
Q22: Fiat money is legal tender proclaimed to
Q24: Financial assets are money, debt instruments, equity
Q25: Fiat money is a form of credit
Q26: The use of "continentals" led to a
Q27: Real assets include the direct ownership of
Q28: Fiat money must be backed by a
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