Paper currency:
A)is commodity money.
B)is fiat money.
C)is barter money.
D)includes bonds and securities.

Name: Paper currency: A)is commodity money. B)is fiat money. C)is barter money. D)includes bonds and securities.
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Question

Quizplus · Accepted Answer

Paper currency is not backed by a commodity, but rather by the government's declaration of its value, making it fiat money. Barter money refers to directly exchanging goods or services for other goods or services, and bonds and securities are not considered currency.

Paper Currency