Commodity money is money that has value because:
A) of the intrinsic value of the commodity.
B) it is legal tender.
C) the government says so.
D) all of the above.
Correct Answer:
Verified
Q3: A monetary aggregate is:
A)high powered money.
B)commodity money.
C)money
Q4: US M1 money includes:
A)currency, traveler's checks and
Q5: US M1 money includes:
A)savings deposits.
B)checkable deposits.
C)time deposits.
D)all
Q6: Money is different from other assets like
Q7: High powered money is:
A)money held by business
Q9: If a person holds one dollar and
Q10: Fiat money is money that has value
Q11: The neutrality of money means that one
Q12: US M1 money includes:
A)currency held by the
Q13: US M2 money includes:
A)currency, time deposits government
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