Which type of money has the lowest opportunity cost?
A) Silver coins
B) Gold coins
C) Commodity money
D) Diamonds
E) Fiat money
Correct Answer:
Verified
Q43: Financial institutions are known as financial intermediaries
Q44: Which of the following are legal tender?
A)A
Q45: Which of the following is most critical
Q46: Federal Reserve notes are _.
A)checks
B)commodity money
C)coins
D)backed by
Q47: Fiat money is backed by:
A)gold or silver.
B)fractional
Q49: Money that is acceptable because the government
Q50: Which of the following is associated with
Q51: Fiat money:
A)has value because people accept it.
B)has
Q52: Which of the following is true if
Q53: The value of fiat money is fundamentally
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