If an economy used gold as money,its money would be
A) commodity money,but not fiat money.
B) fiat money,but not commodity money.
C) both fiat and commodity money.
D) functioning as a store of value and as a unit of account,but not as a medium of exchange.
Correct Answer:
Verified
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
Q51: Fiat money
A)is worthless.
B)has no intrinsic value.
C)may be
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
Q57: The Soviet government in the 1980's never
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