Fiat money has value because:
A) it is backed by gold.
B) it is divisible.
C) it can be used to buy things.
D) it can be exchanged for a commodity backing it.
E) all of the above are true.
Correct Answer:
Verified
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Q34: The idea behind money as a unit
Q35: Which of the following is false?
A)Whenever excess
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Q51: Which of the following is not a
Q68: Which of the following is included in
Q70: Which of the following observations is true
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Q77: Money lowers the transaction cost when:
A)the economy
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