United States currency has value primarily because it
A) is legal tender, is generally acceptable in exchange for goods or services, and is backed by the gold and silver of the Federal government.
B) is generally acceptable in exchange for goods or services, is backed by the gold and silver of the federal government, and facilitates trade.
C) is relatively scarce, is legal tender, and is generally acceptable in exchange for goods and services.
D) facilitates trade, is legal tender, and permits the use of credit cards and near monies.
Correct Answer:
Verified
Q156: One reason that near monies are important
Q157: Q158: Q159: Items 1. Money market mutual funds held Q160: The so-called near monies have the following Q162: (Consider This) Which of the following is Q163: What "backs" the money supply of the Q164: The use of a debit card is Q165: To keep high inflation from eroding the Q166: When there is inflation in the economy,
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