The legal tender requirement means that
A) people are more likely to accept the dollar as a medium of exchange.
B) the government must hold enough gold to redeem all currency.
C) people may not make trades with anything else.
D) All of the above are correct.
Correct Answer:
Verified
Q48: Which type of money has intrinsic value?
A)commodity
Q49: The set of items that serve as
Q50: The measure of the money stock called
Q51: Fiat money
A)is worthless.
B)has no intrinsic value.
C)may be
Q52: If an economy used gold as money,its
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
Q57: The Soviet government in the 1980's never
Q58: When prisoners use cigarettes or some other
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