Multiple Choice
Which of the following does not explain what backs the money supply in the United States?
A) It is backed by gold.
B) It is widely accepted in transactions.
C) It is designated "legal tender" by the federal government.
D) It is relatively scarce.
Correct Answer:
Verified
Related Questions
Q55: Q56: Currency held by banks is part of Q57: Suppose that the federal government suddenly declared
A)
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