Fiat money
A) has no or very little value except as money.
B) is rarely used in modern economies.
C) functions well only if can be redeemed for gold or other precious metals.
D) serves well as a medium of exchange, but not as a store of value.
E) is hard to exchange for other forms of money.
Correct Answer:
Verified
Q44: The largest proportion of M1+ is made
Q45: The most liquid measure of money supply
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Q47: Because Canadian dollars (paper currency)are legal tender,
A)Canadian
Q48: Which of the following is a reason
Q50: The Bank of Canada's narrowest definition of
Q51: Which of the following is not counted
Q53: Gold is an example of
A)commodity money.
B)fiat money.
C)barter
Q54: Paper currency is
A)commodity money.
B)fiat money.
C)barter money.
D)a bond.
E)a
Q56: An economy without money would have no
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