____ is an object in use as a medium of exchange, but which also has a substantial value in alternative uses.
A) IOU
B) Commodity money
C) Fiat money
D) Deposit certificate
Correct Answer:
Verified
Q70: Money is almost always used to quote
Q71: The primary feature of money is that
Q72: Which of the following is an example
Q73: If fears of a terrorist attack are
Q74: Required reserves of banks are a fixed
Q76: Which of the following is an example
Q77: One inconvenience of commodity money is the
Q78: The one disadvantage of paper money is
Q79: Money is an imperfect store of value
Q80: Fiat money is
A)always backed by gold or
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents