The U.S.dollar is called
A) fiat money because the law decrees it is money.
B) faith money.
C) commodity money,because it is convertible into gold.
D) frail money because wear and tear ruins paper bills.
E) convertible money because the government stands ready to convert it into gold or silver.
Correct Answer:
Verified
Q35: Fiat money means
A)Italian currency.
B)money's value does not
Q36: The objects that we use as money
Q37: Keeping $20 in currency to be able
Q38: The word "fiat" is
A)used to describe today's
Q39: When you see a mansion and think
Q41: M1 is composed of
A)currency held by individuals
Q42: Which of the following is money?
A)a credit
Q43: Which statement most accurately captures the state
Q44: Credit cards are
A)a form of money used
Q45: If you use a check to pay
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