The Soviet government in the 1980's never abandoned the ruble as the official currency.However,the people of Moscow preferred to accept
A) cigarettes in exchange for goods and services,because they were convinced that cigarettes were going to soon become hard to come by.
B) American dollars in exchange for goods and services,because rubles were extremely hard to come by.
C) goods such as cigarettes or American dollars in exchange for goods and services,reminding us of the fact that government decree by itself is not sufficient for the success of a commodity money.
D) All of the above are correct.
Correct Answer:
Verified
Q52: If an economy used gold as money,its
Q53: The legal tender requirement means that
A)people are
Q54: Demand deposits are a type of
A)checking account.
B)time
Q55: Which list ranks assets from most to
Q56: M1 equals currency plus demand deposits plus
A)nothing
Q58: When prisoners use cigarettes or some other
Q59: People can write checks against
A)demand deposits and
Q60: The primary difference between commodity money and
Q61: Which of the following statements is correct?
A)All
Q62: Which of the following is included in
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