The primary difference between commodity money and fiat money is that
A) commodity money is a medium of exchange but fiat money is not.
B) fiat money is a medium of exchange but commodity money is not.
C) commodity money has intrinsic value but fiat money does not.
D) fiat money has intrinsic value but commodity money does not.
Correct Answer:
Verified
Q55: Which list ranks assets from most to
Q56: M1 equals currency plus demand deposits plus
A)nothing
Q57: The Soviet government in the 1980's never
Q58: When prisoners use cigarettes or some other
Q59: People can write checks against
A)demand deposits and
Q61: Which of the following statements is correct?
A)All
Q62: Which of the following is included in
Q63: Which of the following is not included
Q64: M1 includes
A)small time deposits.
B)savings deposits.
C)other checkable deposits.
D)money
Q65: Traveler's checks are included in
A)M1 but not
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