To say that all U.S.currency is presently fiat money means that
A) it is money by government decree.
B) its metallic value exceeds its face value.
C) the government will redeem that money with gold.
D) money serves as a store of value.
E) currency is the only asset that can serve as money.
Correct Answer:
Verified
Q6: Over the past 50 years,the U.S.money supply
Q7: Assets a government says are money and
Q8: When money is held to make future
Q9: When money serves as a common denominator
Q10: The direct exchange of goods produced for
Q12: The basic distinction between demand deposits and
Q13: Checking deposits are considered a form of
Q14: To ensure the acceptability of money,a government
Q15: Currency in the United States is
A) convertible
Q16: The need for barter is eliminated when
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