Paper money is fiat money because it has been declared by government as a means of exchange.
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Q11: The existence of inflation and other possible
Q12: M1 includes currency, checkable deposits, traveler's checks,
Q13: The larger the fraction of an investment
Q14: The higher the interest rate paid on
Q15: If a person buries his money in
Q17: Credit cards should be included in M1
Q18: The more widely held and accepted credit
Q19: New loans create money directly, but they
Q20: Savings accounts are the most liquid of
Q21: Which of the following is an example
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