Which of the following statements is false?
A) Until the Civil War, the federal government was the major issuer of paper money.
B) In order for traders in early economies to accept or barter for items, the supply of the item had to be limited in relation to the desire of individual in the economy to have the item.
C) Collectors of old coins and paper money are referred to as numismatists.
D) Money functions as a store of value.

Question

Quizplus · Accepted Answer

Before the Civil War, it was actually banks that were the primary issuers of paper money, not the federal government. The federal government only became a major issuer of paper money during the Civil War with the introduction of "greenbacks."

Which of the Following Statements Is False