Which type of currency has intrinsic value?
A) commodity money
B) fiat money
C) both commodity money and fiat money
D) neither commodity money nor fiat money
Correct Answer:
Verified
Q35: Fiat money
A)is worthless.
B)has no intrinsic value.
C)may be
Q39: Current U.S.currency is
A)fiat money with intrinsic value.
B)fiat
Q40: M1 equals currency + demand deposits +
A)nothing
Q63: Which of the following is not included
Q66: Demand deposits are included in
A)M1 but not
Q67: Which of the following is included in
Q68: Which of the following is not included
Q74: M1 includes
A)currency.
B)demand deposits.
C)traveler's checks.
D)All of the above
Q115: Fiat money
A) has no intrinsic value.
B) is
Q131: Credit cards
A) are included in M1 but
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