The essential difference between paper money and coins as forms of money is that
A) the metallic content of coins makes them more acceptable as money.
B) paper money issued by the Federal Reserve Board is backed by gold while coins are not.
C) paper money serves as a unit of account while coins do not.
D) paper is paper and not metal. The metal is more durable.
Correct Answer:
Verified
Q103: The opportunity cost of holding a dollar
Q104: Which of the following is the most
Q109: The U.S. fiduciary monetary system
A)is the one
Q110: Money in a fiduciary monetary system is
Q111: A system in which money is issued
Q113: An asset is liquid if it
A) is
Q115: The purchasing power of money
A) is determined
Q116: The liquidity of money refers to
A) the
Q119: An asset that can be easily disposed
Q120: Transactions deposits include
A) credit cards.
B) certificates of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents