The primary reason that U.S.money has value is that it
A) is backed by gold
B) is fiat money
C) is accepted by others in exchange for goods and services
D) is commodity money
E) has a fixed value established by the Federal Reserve.
Correct Answer:
Verified
Q7: The organization responsible for creating and regulating
Q8: A monetary system is what allows us
Q9: The means of payment function of money
Q10: Gold,silver and furs,when used as money,are referred
Q11: If a piece of currency must be
Q13: Which of the following could not serve
Q14: Establishing a unit of value and establishing
Q15: The institution charged with creating and regulating
Q16: Money in the U.S.has value primarily because
Q17: When money is used to compare the
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