Although a variety of commodities have been used as money, the most commonly used have been
A) stones and cattle.
B) shells and beads.
C) gold and silver.
D) cigarettes and candy bars.
Correct Answer:
Verified
Q2: In the modern U.S.economy,most transactions are made
Q85: One difference between the assets included in
Q86: The narrowest definition of the money supply
Q87: Commodity money is
A)backed by gold.
B)money with intrinsic
Q88: One conceptual problem in assigning assets to
Q89: Fiat money has value because it
A)is backed
Q91: Which of the following definitions of the
Q93: Fiat money is money
A)backed by land.
B)backed by
Q94: Money as defined by M1 includes
A)coins.
B)paper money.
C)checking
Q95: "Near monies" are
A)stocks, bonds, and real estate.
B)U.S.notes
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