An economy uses coins made of gold as money. This is an example of:
A) fiat money.
B) gold standard.
C) commodity money.
D) commodity standard.
Correct Answer:
Verified
Q1: Which of the following is not a
Q2: By providing a standard measure for prices
Q3: By allowing people to carry purchasing power
Q4: During times of _, cash acts as
Q6: Which of the following statements is NOT
Q7: The gold standard refers to a system
Q8: Fiat money refers to a system where
Q9: Which of the following is NOT considered
Q10: _ are not considered to be ideal
Q11: Which of the following statements is NOT
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