The fact that U.S. currency is legal tender means:
A) U.S. currency is good anywhere in the world.
B) the only money the government will accept for settlement of debts is U.S. currency.
C) private businesses in the U.S. and the U.S. government must accept currency for payment.
D) it cannot be backed by gold or other metals.
Correct Answer:
Verified
Q21: When the Continental Congress issued currency to
Q22: During the Civil War, the North issued
Q23: Which of the following could not be
Q24: U.S. currency is
A) a commodity money
B) fiat
Q25: The value of fiat money:
A) comes from
Q27: Most of the non-cash retail payments made
Q28: Which of the following is incorrect?
A) Money
Q29: In comparing money to a share of
Q30: Comparing checks and currency, we can say:
A)
Q31: Carlos pays his cable bill using his
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