Fiat money
A) is worthless.
B) has no intrinsic value.
C) may be used as a medium of exchange,but is not legal tender.
D) refers to highly liquid assets that do not serve as a medium of exchange.
Correct Answer:
Verified
Q46: For purposes of analyzing the money stock
Q47: Paper money
A)has a high intrinsic value.
B)is the
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
Q52: If an economy used gold as money,its
Q53: The legal tender requirement means that
A)people are
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
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