To ensure that paper money will be accepted, the U.S. government implicitly promises the public that
A) it will not print money so fast that it loses its value.
B) it will not change the rate at which the dollar is exchanged for other currencies.
C) it will always remain the strongest currency of all industrialized nations.
D) the U.S. monetary system will always be backed by a precious metal.
Correct Answer:
Verified
Q28: Close substitutes for transactions money are known
Q29: Currency held outside banks is included in
A)
Q30: Which of the following is an example
Q31: Currency held outside banks + demand deposits
Q32: Transaction money is
A) M1.
B) M2.
C) M3.
D) M4.
Q34: Which of the following would not be
Q35: Traveler's checks are
A) not money.
B) included in
Q36: Which of the following is included in
Q37: Which of the following is the best
Q38: Saving account balances are included in
A) M1.
B)
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