Because the U.S.government promises that its metallic coins and paper money are legally acceptable as a means of exchange for products,they are considered which type of money?
A) Far
B) Credit
C) Near
D) Illegitimate
E) Fiat
Correct Answer:
Verified
Q13: Discuss the most important characteristic of money.
Q14: When a dollar bill is handled hundreds
Q15: The most important characteristic of money is
Q16: Money has all the following characteristics except
A)
Q17: When inflation is very high,money is no
Q19: Funds in a demand deposit account cannot
Q20: The primary advantage of using money instead
Q21: A check
A) is riskier than cash for
Q22: Behind all forms of "near money" stands
A)
Q23: The acronym NOW,when used in financial circles,stands
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