Which of the following is legal tender?
A) a check
B) a Federal Reserve note
C) a banknote issued by a foreign bank
D) a credit card
E) a traveler's check
Correct Answer:
Verified
Q34: Identify the correct statement regarding a fractional
Q39: The reserve ratio is the ratio of:
A)Federal
Q40: Which of the following is true of
Q41: _ is money whose face value exceeds
Q46: Federal Reserve notes are _.
A)checks
B)commodity money
C)coins
D)backed by
Q47: Fiat money is backed by:
A)gold or silver.
B)fractional
Q48: Money that is acceptable because the government
Q49: Using coins allowed for payment by _
A)
Q50: Coins are minted with serrated edges _
A)
Q51: Fiat money:
A)has value because people accept it.
B)has
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