When is money considered to be legal tender?
A) if it is backed by gold or silver
B) if it is commodity money
C) if the government says it is
D) if it is in a bank account
Correct Answer:
Verified
Q44: Mary-Ellen deposits $100 per month into her
Q45: Which of the following is legal tender
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Q50: What is fiat money backed by?
A) gold
Q51: When does fractional reserve banking occur?
A) when
Q52: What was the first step in the
Q53: Who were most likely the first bankers?
Q54: What happens to the purchasing power when
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