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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 7
Money that is backed by nothing but the faith and confidence that it will serve as a medium of exchange is called__________.
A) Representative commodity money
B) Commodity money
C) Fiat money
D) None of the above
A) Representative commodity money
B) Commodity money
C) Fiat money
D) None of the above
Explanation
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Representative commodity money is a type...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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