One reason we use paper money instead of gold coins in the Unites States today is because:
A) it is more convenient.
B) it has no intrinsic value.
C) it is easier to control its worth.
D) All of these are reasons why we use paper for money instead of gold.
Correct Answer:
Verified
Q3: Money has replaced the need to barter,
Q11: We say that money is a store
Q13: Bartering is:
A) very efficient compared to using
Q14: One of the functions of money is
Q15: If money has intrinsic value,it has:
A)value unrelated
Q17: When deciding what to use as money,one
Q21: Banks create money in the economy by:
A)loaning
Q22: Fiat money is:
A)any form of money that
Q23: If fractional reserve banking exists,then:
A)banks need only
Q36: The amount that the bank is legally
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