The currency of Australia is:
A) backed dollar for dollar by gold.
B) backed by a gold cover of 50 per cent.
C) not backed by any precious metal.
D) backed by the government's silver reserves.
Correct Answer:
Verified
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Q11: The key property of money is that
Q12: Which of the following statements is false?
A)
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Q16: The primary functions of money are:
A) velocity,
Q17: The characteristics that money should have include:
A)
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Q19: Which of the following items does not
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