Currency in the United States is
A) convertible into gold at fixed rates.
B) fiat money.
C) issued by commercial banks based on their deposits.
D) another name for checking deposits and demand deposit accounts.
E) any interest-bearing government note.
Correct Answer:
Verified
Q10: The direct exchange of goods produced for
Q11: To say that all U.S.currency is presently
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
Q16: The need for barter is eliminated when
Q17: The basic requirement of money is that
Q18: Our money supply,narrowly defined,consists of
A) currency, checking
Q19: Since World War II,the M1 (narrowly defined)money
Q20: The sum of coins,currency,and checkable deposits is
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