Which of the following statements is false?
A)Legal tender is money backed only by government credit.
B)Credit money represents any circulating medium which has little real value relative to its monetary value.
C)The Monetary Act of 1792 resulted in an early monetary system that relied almost exclusively on the use of foreign coins.
D)All of the above statements are correct.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is false?
A)Legal tender is money backed only by government credit.
B)Credit money represents any circulating medium which has little real value relative to its monetary value.
C)The Monetary Act of 1792 resulted in an early monetary system that relied almost exclusively on the use of foreign coins.
D)All of the above statements are correct.

Which of the Following Statements Is False